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Micron Technology, Inc. Message Board

  • eric.stank eric.stank Dec 14, 2012 4:08 PM Flag

    Well, ya made it, closed over 6.80! Dam rare sight!

    It was still touch and go there, but on the bright side,
    It did close above 6.80 on a down market day.

    Still think it was a miracle this turd closed above 6.8,
    But it never did touch that 8.9, as you were thinking.

    Lots of folks are really interested in earnings report nest week!!!

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    • gregory.lynn Dec 14, 2012 4:12 PM Flag

      DRAM spot prices up in December, but this does not affect the previous quarter which is being reported next week. Looks like pricing was really weak during that quarter, but will people look past this or sell off in disgust if MU does worse than the anticipated consensus ($.18) or -.18 EPS? That remains to be seen, last year in this same quarter MU shot up after a slight miss, but the run up already began prior to earnings this time, instead of coming at the bottom. I guess, it all depends on the numbers, which may end up being weaker than anticipated due to poor demand.

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