While they overlap in products, they are totally different companies in many ways. Sandisk is fabless and gets chips from toshiba partnership. Sandisk has been and is currently executing better than Mu. Look at margins in Flash. I don't know them off hand but Sandisk is better. So it is not surprising that Sandisk gets a better valuation. Mu has a good nand part but they are not executing in the end product market like sandisk. Sad but true. Hopefully Mu is going to close the gap going forward but until they do, expect the valuation gap to continue. Now Mu has dram upside but they are behind there as well and playing catchup. Good demand/pricing kind of masks the gap but they are behind. Doesn't matter a ton right now but will matter a lot going forward. Hopefully they get their act together. Sad that they are having to waste money on buying back convertables instead of investing in the business.
there in nothing wrong with making money; even a small amount is worth it. When you get greedy you get slaughtered. I sell puts just below what I sell calls at. Sometimes right on top of each other. This week I have both 35.5 puts and calls. One of them has to come in. If I loose the stock I'll sell 33.5 puts three weeks out. The same is true if I get assigned I'll sell the 34 calls three weeks out. I already have the first two weeks covered. I'm not making big bucks but I'm making money each week. The capital gains don't hurt because I'm still writing off massive INTEL losses from the late 90's when I got greedy and SLAUGHTERED. Good luck and I do love this stock. As you saw last week it moves for no reason and if your not on top of it you can get hurt. Just have faith and conviction in what you do.
for someone who uses so many it's a wonder you don't post a position for the next 3 weeks without 9 maybes 6 disclaimers and 14 support level prices
I got no problem with your move and it is working out nicely. I just don't have those kind of stones. You have that short term gamble bug in you and seem to do well. I am still maintaining the illusion that I am "investing" for the longer term. Truth is that I am just sticking with the same gamble longer than you. Hats off, good call today. Tomorrow is another day. See how this plays out. I just have a very good hunch that I get called on my 34 for the 29th.
i didn't say anything about stochastics suggesting a turn - i just wrote that it is an indicator i use - along with macd histo- in order to tell me when a turn is coming. stoch isn't that high right now- it "can" climb higher. doesn't mean that mu cannot pull back from here to go back down to $32 - it only means that there is no indication right now from the macd histo or stochastics that a turn is coming.
and going down to $32 wouldn't mean a turn is coming - i'm not saying that - as a stock can of course pull back in price but still not be ready to do a change in trend price.
there seems to be a 9 pt diff. when using 8 vs. 14, meanng that the rsi is around 69.60 with the 8 , but only 60 with the 14. I don't see anything on the full stoch that suggests this move is going to turn. i'm not that stupid.
hey moc- i know an old time trader who uses rsi 8 on his daily chart- he swears by it!! and has provided proof of how well it works for predicting turns in a stock's current price trend- ever try using that rsi? i occasionally put it on my rsi- but don't use it religiously as he does, he used the macd histo with that rsi 8 for confirmation of the turn coming. i use macd histo religiously lol- it's my best indicator for predicting turns- along with full stoch.
Good luck to you mike. I'm still holding and plan to stay at least into earnings but would like to hold out clear into December. Probably have to get out by then (still slightly on margin but can be reconciled by other moves).
kg2931 (2K shrs MU @ $24.92 Long since 3/5/14)