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Micron Technology, Inc. Message Board

  • highlowsel highlowsel Apr 1, 2013 12:57 PM Flag

    Another 3/4 months for the appeal to be completed/decided

    This is probably the base reason you're seeing the bid swoon. Short term holders are voting with their feet, figuring to come back at end of summer. Without any (other) news of note, or massive earnings release between now and then, the money is going elsewhere, as noted by today's. But though the sell side has dominated today the total volume is not an "ah #$%$ let me out" total wash. More along the lines of smart money going elsewhere for the 3-4 months. It happens.

    Regardless, there's little guarantee there won't be yet another appeal after that, legal wheels grind fine after all. It is what it is. I think I'll just ise whatever downside occurs between now and end of summer to add to a longer term position....it's just my view but for now me thinks MU has pretty much topped out though longer term, into 2014, things look bright. Bottom line? There's absolutely no reason to chase this one. What a surprise, MU continues to be unable to completely satisfy. Heh! So much for my TA Pennant idea....it was setting up so pretty, too. Yet another example of how TA withers in the light of reality sometimes. So it goes.

    In any case I'll hold the tranches gleaned today, unless an opportunity presents itself, and will continue about my trading business in other sandboxes. Gonna be a long summer me thinks.

    Highlow
    American Net'Zen

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