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Micron Technology, Inc. Message Board

  • vincent90157 vincent90157 Mar 1, 2013 11:43 AM Flag

    Up To $8.50

    Like I said yesterday it was the Guy Admai / Regis Philbin "fluff" rally. Be careful up at these levels....there is a lot of "article hype" out there and this could be the classic pump and dump. MU needs to be profitable this quarter or else. This stock bottomed at $6.09 on the last trading day of 2012 and hit $8.495 yesterday. You do the math in two months based on an acquisition. To me I still believe the purchase will hit the bottom line. If they show another loss in the March earnings the game is over for now I believe it will be back to the mid $7.50's real quick. Now I believe this is a good acquisition but it takes "demand and time" to hit the bottom line. I've been watching for about almost two weeks now kicking myself for not buying the last dip to the $7.70's but I did OK elsewhere. Good luck and be careful. I'm still waiting for earnings. This and the next quarter's earnings will be enlightening as to MU's future.

13.21-0.84(-5.98%)Jun 24 4:00 PMEDT