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Micron Technology, Inc. Message Board

  • skuehl Dec 14, 2012 6:53 PM Flag

    Is MU the victim of a pre-EPS announcement price run up?

    I think so. I believe that bad news is right around the corner and the stock price will correct by some -10% to
    -15%. Which amounts to a -$0.75 to -$1.00 hit on the stock price. The Options market is supporting this theory.

    In light of these circumstances, I am taking a short position on MU. In fact, that is me right now in the aftermarket shorting 1000 at $6.85. Unfortunately no bites as of yet.

    I am not trying to #$%$ off anyone who is long on MU. We all invest for our own fundamental rationale. I believe that this recent run-up is without merit and belies optimisim. As such, MU is being set up for -10% to -15% price correction.

    Just my opinion folks. I will be shorting right out of the box on Monday

35.47+0.47(+1.34%)11:56 AMEST

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