% | $
Quotes you view appear here for quick access.

Micron Technology, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • highlowsel highlowsel Feb 12, 2013 1:22 PM Flag

    Highlow thanks for the advice and your time!

    And good luck to you, too. "Up 40%...." Yah...and the thing is, just like every other time in the past, what appears to be happening is all that sidelines money is watching and now getting nervous. Sooner than later it's gonna snap and jump in. I'm not saying it'll land in MU's sandbox but overall the market will probably see a surge. And that'll be the time to get out. ;-) Meanwhile, just stop your gains at the level appropriate to your risk tolerance and go from there.

    MU, with bid currently at $7.95, looks to be ever so gradually setting up to (again) test $8. Maybe this'll be the true beginnings of a surge. But it's certainly a slog, watching the action on the intraday. It's never easy. Meanwhile I'm watching RFMD, BAC and other open plays rip ahead. Since I'm coming around to the view that MU is lagging and undervalued I may have to close some positions that've gotten ahead of themselves and move some profits here...but only if MU can get north of $8 on confirming volume. For now I'm sitting and watching (MU that is).

    Oh...have a book you might want to read. The author is Scott Reynolds Nelson, and the title is "A Nation of Deadbeats." It's a decidedly irreverant take on U.S. financial history. You know all the squealing and shrieking by the self-annointed pundits of the "know" that claim the 2008-9 period, and what we're in the midst of now, is a first time ever unique event in U.S. history? They're wrong. It's not. They simply have no memory, and no understanding of history. There've been many prior such events. Read the book. It'll open yer eyes.

    American Net'Zen

16.18+0.04(+0.25%)Aug 23 4:00 PMEDT