the stock has been up close to 20% for THIS MONTH alone in anticipation of good results and guidance - actually results were even better than expected but forward guidance is once again nothing to write home about and doesn't support an investment case at these elevated price levels.
Stock has already given back most of the after hours gains and will see sizeable profit taking tomorrow morning - went short at $9.55 - looking to cover at around $8.50 tomorrow
Yes...DRAM prices only go up and never go down, and selling fabs at a loss while buying a BANKRUPT endeavor should shoot the company into solid green. Get ready for $90 MU days again! They are just bound to come.