Won lawsuit, got 2 new upgardes from very respectable Institutions, Raised target price. And this pos is trading in F RED !!!!
And the one lost the lawsuit jumped over 22% today ?????????????????????????????????
What the F !!!!
Consider options expiration tomorrow, as well the fact that the Congressional super budget team is suppose to offer their plan next week. I don't think anyone wants to hold any stocks when they say the can't agree on anything. Keep your powder dry - when they make that announcement the market will tank, then go all in for the year end rally, Include MU in you porfolio.
This ain't specific to MU. It's market-wide FUD in action. FUD at levels that has been going on day in and day out for what seems like forever. And oh are the Info-media having a feeding frenzy over it ain't they. A vicious, negative, feed-back loop has developed with a downward spiral of dominoes now in motion. I suspect calls are going out left, right and sideways and its now feeding on itself.....
A good time to be heavily weighted to cash; ride it out and look for the babies being thrown out with the bathwater....this is what I'm doing right now...
The SOX index is cratering and the funds are selling all semis indiscriminately. As the SOX is down, traders are trying to push the share price to $6 so that the $6 call options expire tomorrow out of the money. Now that MU won the Rambus case, the share price will elevate toward the book value when it becomes clearer that MU will be profitable next year because of their sales into SSD market.
That logic makes sense except for one area. I didn't think that the way the NASDAQ is set up with electronic trading has as much to do with MM influence such that they can do what you say. And it would take a lot more money to pull MU down in stock price valuation than is valued into options at $6. I think this is just institutional selling, hedge funds, day traders and individual investors selling to get out and into other stocks they feel will do better than MU. I agree with you that MU should head towards BV and the 200 DMA.
This is the problem with muuuuuuuupile players
Come here with a certain fixed expectation based upon
You gonna get burned.
Leave all that kwrap behind.