Convoluted...just say your buy points are $12.15 and $12.30. I appreciate your opinion, though I'm not a chartist. I see a buy in the same range. Thanks.
No. If you go back on a chart to when it sat at that level (10.85), on/about May 23rd, and draw an (up) trend line that hits the later ~June 3rd mark of ~$11.45/.50 you'll see that it sits, today, at ~$12.15 or so. It's where that line sits today that's my metric.....sorry for being vague....
Odd's are better than even that the pps continues today in the direction it's being walked, albeit aided and abetted by general market conditions. I figure there's a certain amount of walk-down associated with approaching earnings. Perhaps a walk-down to pop it post earnings back to...the high $12's? Heh!
In any case I figure there's a better than even chance the bid gets walked down to the $10.85 originating (back on May 23) line I'd drawn. The chart shows the line to currently be at the ~$12.15 level. So...I've got two bids at ready in anticipation. One at the low $12.30's, the second just below that $12.15 line.
Let's see how it plays today...PM last sale at....$12.38. It's on its way....
surprised how much it dropped with two price target raises today
does someone know something about their earnings or elpida deal??
still long. waiting of earnings and the close of the elpida deal. then will ride up mu with all the price targets that will be raised with elpida.
Guidance was smashed for this semiconductor of mobile handset chips.
Proof that anything being built into smartphones is highly profitable.
MU headed in right direction.
So do analyst downgrades put upward pressure on the stock price? Note that in the last few months there have been few analyst downgrades for MU after it crossed $9, $11, $12.. The share price has more than doubled from its bottom last year. Analysts are waiting for the next earnings report to confirm that MU is indeed firmly in an upward cycle.
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Sentiment: Strong Sell
.This is normal, DECK went thru same thing in wintertime Analyst upgraded stock price and Deckers went down until sometime after reporting earnings. Have to remember there are huge hedgefunds being protected by the marketmakers and big money. Once they cover at cheap prices we will eventually hit $15. It will be painful shortterm, but thats the american hedgefund way of doing business. So have patience or bailout.