Hello Imhflying. Sorry for the delay in answering you. Been busy shorting a few stocks, among them SWKS.
MU has a Symmetrical Triangle mentioned in a previous thread, presently located between 28.18 and 34.60.
This triangle is part of a larger rare chart pattern.......the Diamond. Target for the Diamond is 19.21 provided MU can break thru all other support areas. There is an open gap at 28.36. MU may be trying to fill that gap. After that, MU must hold 28, or the Diamond may start to play out. MU still has a Death Cross which meets the criteria for the Diamond chart pattern. GL & congrats on your MU trade.
Time for the corporate mgmt types on this board to weigh in. I'm beginning to think co's buying back their stock is good but also just slows down the share price growth. Aside from that theory, let's talk about MU's mysterious lack of transparency buying down their convertible debt. One would think when MU's sp takes these insane dives (like in the past two days 3/2 and 3/3/15) that MU would be busy beavers chewing down the convertibles. Yet, what evidence do we have that MU is actually doing this, at what rate? What is the process, the timing? How quickly can MU execute on these stock crashes? Experienced opinions or thoughts appreciated.
Kg2931 (Long 2K shrs MU @ $24.92 held patiently since 3/5/14)
There's no ticker symbol for Hynix or Samy. Surely there's more DRAM players than just those...
Please categorize for NAND as well and I'll stack that too.
In contrast to Shah’s view, Needham & Co.’s Rajvindra Gill, who has a Strong Buy rating on the stock, and a $60 price target, wrote yesterday that after meeting with the company’s head of its mobile chips business, Mike Rayfield, he’s more confident than ever the company is going to increase its gross profit to “the mid 40% range” from the 30s now, “Due to increasing TLC NAND content, stable DRAM pricing, and a lift from the new Inotera agreement.”
An idiot speaks and other idiots believe him .. he also said MU will have a very good 2016 . good reason to sell $6 off the high .
Make up your mind Mr. Shah! . Micron: Nomura Ups target to $45; Jefferies Sees Favorable DRAM Prices
By Tiernan Ray
Shares of DRAM and NAND chip maker Micron Technology (MU) closed down 65 cents, or almost 2%, at $33.35, despite a couple of bullish Street notes today.
Jefferies & Co.’s Mark Lipacis today reiterated a Buy rating, and a price target of $42, writing that the consolidation in the DRAM industry will continue to support favorable prices for the parts into 2015. And Nomura Equity Research‘s Romit Shah reiterated a Buy rating and raised his price target to $45 from $40, writing that “consensus revenue and margin expectations remain conservative.”
Assuming ~50K-to-100K of combined incremental capacity at Samsung’s Line 17 Phase 1, Micron (lnotera/Rexchip), and SK Hynix, we expect industry DRAM wafer output to remain unchanged or decrease slightly in 2015, given tech migrations to 2Xnm and beyond result in 10-15% wafer output loss. We believe Samsung is preparing to add 14nm foundry capacity at S2 and S3 (Line 17 Phase 2) as needed to fulfill customer demand. We expect Micron’s DRAM margins to remain biased upward in 2015.
Nomura’s Shah raised his estimates for the overall NAND and DRAM chip markets, and for Micron’s potential sales, based in part on rising demand for varieties of chips selling into mobile devices:
DRAM and NAND outlook: We revise up 2015F DRAM market size by +17% Y/Y to $49.6bil (+7.0% Y/Y) and 2015F NAND market size by +8.6% to $31.5bil (+8.2% Y/Y). We expect DRAM supply to remain tight, as bit growth of 25% will likely be in line with end demand. In addition, we are raising our Micron DRAM and NAND estimates on higher bit growth as strong mobile DRAM and server drive 20-25% demand bit growth. We are raising our CY15 DRAM estimate to $13.0bil (+14% Y/Y) from $12.6bil and cons. $12.4bil (+6% Y/Y). Our MU DRAM growth estimate of +14% remains conservative relative to industry
Your an annoying cheerleader you claim you have mu and 1 other stock, however after looking at your post's your out here cheerleading 32 other stocks.... take your fake #$%$ home....
oops it was at 29.44 Swine.
Status Filled at $29.44
Description MICRON TECHNOLOGY
Quantity 5,000 Shares
Order Type Limit at $29.44
Time in Force Day
Order Expiration 04:00 PM ET
Trade Type Margin
Market Session Standard
Order Date 03/03/2015, 02:02:32 PM ET
Order Number C03CVWWB
Yeah I call b.s. on the website they list all sales and buys there isn't 5k bought at your 29.39 price smoke some more dope------y
Down from $43 to $30 based on positive earnings and revenue and improved business and market share. This is a pretty evil way of the Wall Street stealing cheap shares.
Sentiment: Strong Buy