Dunno either. Summer is always slow in the markets. I'm hoping MU's lack of action has more to do with that - everyone just holding on and waiting for the Fall for the markets to resume/show us which way their heading. Certainly don't see any compelling reason MU's done going up...
Currently long 5K shares @ ~$26 cost basis. + sold Sep20 $34 (5), $35 (10) and $36 (15) covered calls which currently are about $800 in the money.
So Art, what's your story?
lol- i've given out the ta info BEFORE a stock goes to in price where i've stated it is going!! i;ve done that MANY MANY MANY TIMES on many stocks!! including mu, ddd, scty, rax, spwr, feye, twtr, xone, etc etc! and i can easily PROVE this too as ALL my posts are available on these msg boards for anyone to see!
so my body - of a walmart body - is a woman with smooth skin, big breasts, small butt, small waist, no scars, no wrinkles, no stretch marks, etc etc- that's a walmart body?? lol - and so a body that ISN'T a walmart body is small breasts, fat butt, big waist, stretch marks, rough skin, etc etc?? lol - whatever loser!!!!!!!!!
I've been holding long at $24.92. I do also think the supply article today is "BS". I don't think this BS will cause MU to drop below $30. If I sold now I'd not likely buy back in at $30 or above. Perhaps if I was swing trading. But I'd rather hold MU because I've made far more on MU this way over the past year than all my nickle & dime risky swing trades combined.
Whether the charts showed an oversupply or simply the over-hyped and too massive of a runup in price, the charts show a downward trend. Any deadhead who wants to debate that -- bring it on, or you can't read a chart.
Comments by idiots don't deserve answers. Maybe if you take enough of your Androgel testosterone, you'l l be 500 pounds, nasty beatch with an inflated ego and wrong information. If you knew how to read a chart, the July 31st gap was filled a few days later, brainless.
lmao your assumptions get the best of you..... I am Short i have admitted that on here before, but i have been long.... how do you know if i sold to soon is all you do fake stocksgirll is throw all these assumptions out here.... you are no better then dopey3 you two are like mother nature and old man winter you should get it on, so we can all be at peace here.....
Oh, what sage words of wisdom. Get yourself a life and get yourself an education, because you obviously had NOTHING to say, as most of those of your ilk, just simply an abusive, nasty response. Stupid money don't make money.
Replying to the Rock Brains below: Why don't you read what The Street says on why it is down. And it has to do with DRAM/NAND demand. Oh, and by the way, it closed near the low of the day. You give me attitude and mock me? YOU are fhe bumbling fools, and too myopic and brain-washed-dead. Enjoy your losses.
NEW YORK (TheStreet) -- Shares of Micron Technology (MU_) fell 3.34% to $31.51 in afternoon trading Tuesday amid concerns of oversupply in DRAM memory chips in 2015.
The decline stemmed from "negative articles" on the "capacity/supply" estimates in the memory chip market, Wedbush Securities analyst Betsy Van Hees told MarketWatch. DRAM chip makers could increase their capacity in the fourth quarter, which could have a negative effect, such as oversupply, on companies like Micron, according to a Monday article in EE Times.
More than 18 million shares had changed hands as of 2:33 p.m., compared to the average volume of 25,394,100. The stock had an intraday high of $32.60 and low of $31.45.