there was a difference of 1.7 million shares. That is your definition of a short squeeze! Awhile back when we had those 40 million days you claimed that was the squeeze. So now it's a "minor short squeeze." Stick to the donuts D!
It's called data and not mindless rants which is all you seem to ever add to the discussion. MU short interest DECREASED despite a large uptick in SP. That's what the data said. Has MU finally put in a bottom, I'm not sure but I prefer to analyze actual data then someones worthless opinions. I will be surprised if this falls back to $10 but you never know with this unpredictable market. I could care less though because I'm long and feel pretty good about MU's future. If she falls back to $10 I will average into my position because this company will be around for a long time unless they're acquired.
I'm not surprised you don't understand the data. After the big run up the past month or so you would have thought that the short positions would have increased instead of decreased which can be taken as a sign of strength and a stabilizing stock price. On May 13th MU closed at $9.56 and even after the last couple of down days still sits at $12.20 while tech and oil are getting slammed. If you didn't notice QCOM, AMD and AMAT all had increases in short interest last month.
Sticks and stones may break my bones but names won't hurt me little kitty. If MU is such a train wreck why would you consider buying into this management team. Surely there are wiser investments little kitty. You guys are so full of it.
It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
The May 31 short interest data have been compared with the previous report. Short interest largely was mixed in these selected semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 78.48 million shares. The previous level was 81.29 million.
Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest increase to 91.34 million shares. The previous level was 84.63 million, and it compared to the late July level of 157.66 million, easily the highest in the past 52 weeks.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest increase to 22.29 million, compared to the previous period, in which 18.3 million shares were reported short. Qualcomm shares closed Thursday at $54.98, in a 52-week range of $42.24 to $67.67.
Applied Materials Inc. (NASDAQ: AMAT) short interest increased to 15.31 million shares. The previous reading was 12.77 million. Shares closed Thursday at $24.42, in a 52-week range of $14.25 to $24.65.
Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 62.48 million shares from the previous reading of 64.18 million. Shares of Micron closed Thursday at $12.51, in a 52-week range of $9.31 to $25.38.
" DISREGARD ANALYST BLOVIATING"
You just posted this headline a few hours ago!
"BofA/ Merrill Lynch raised the price objective from $9 to $10,"
Do you even remember what you post from hour to hour?
The shame the shame.
This same analyst, Dr. Woo, raised his PT of MU from $40 to $43 in June of 2014.
Intelligent, non-biased opinions on this MB are not allowed! How dare you, this could send donut and his side kick over the edge. :)
Is that how much a dozen of donuts cost where you live? I hope you're getting a bakers dozen big guy!
Why did you intentionally leave out the rest of the deceptive article donut? "You read it, were aware of it and choose to attempt to deceive others, why?"
Mr. Woo is a liar He first said MU "will not acquire Inotera," then contradicts himself and says, "the recent 10 Q filing stated that the transaction"MIGHT" be dismissed before November 30, 2016 without any fees. When in fact there is NO mention of the transaction being dismissed. Another great source of information donut!
In a research note today, BofA/ Merrill Lynch held that Micron Technology, Inc. (NASDAQ:MU) "will not" acquire Inotera Memories Inc, and that it is good for the company. The sell-side firm raised the price objective from $9 to $10, while reiterating an Underperform rating on the stock.
Yesterday, Micron announced that its deal to acquire the remaining 67% stake in Inotera from Nanya Tech and others, which was expected to materialize by July, would be delayed. In fact, Micron's latest 10-Q filing also stated that the transaction might be dismissed before November 30, 2016 without any fees.
The reason for the postponement was not revealed, but analyst Simon Dong-je Woo thinks that management is reevaluating its decision.
Recent MU SEC filing:
BOISE, Idaho, June 8, 2016 - Micron Technology, Inc. (NASDAQ: MU) today announced an update regarding its effort to acquire the remaining interest in Inotera.
While the acquisition was initially expected to close in mid-July 2016, the parties have concluded that closing the transaction on this time frame is not possible. Micron expects to provide an update toward the latter part of calendar 2016.
As previously announced, a subsidiary of Micron agreed to acquire 100% of the issued and outstanding shares of Inotera pursuant to a Share Swap Agreement dated February 3, 2016. Micron subsidiaries currently hold approximately 33% of the issued and outstanding Inotera shares.
Consensus Ratings for Micron Technology (NASDAQ:MU)
Ratings Breakdown: 3 Sell Rating(s), 6 Hold Rating(s), 25 Buy Rating(s), 1 Strong Buy Rating(s)
Consensus Rating: Buy (Score: 2.69)
Consensus Price Target: $16.96 (34.81% upside)
Woo had a $45 buck PT for MU last year so he's obviously a VERY reliable source.
ANALYSTS OPINIONS ABOUT Micron Technology, Inc.:
According to Thomson/First Call, there are currently 31 different analysts that cover company’s stock. Among these analysts 5 suggested “STRONG BUY RATING” and 12 analysts provided “BUY RATING”. However, 10 analysts recommended “HOLD RATING” for the company. “UNDERPERFORM RATING” issued by 4 analysts and “SELL RATING” signal was suggested by 1 analysts.
Analysts Recommendations from MarketWatch
BUY - 18
OVERWEIGHT - 1
HOLD - 9
UNDERWEIGHT - 3
SELL - 1
MEAN - Overweight
5/31/2016 Baird Upgrade Outperform (Neutral) PT 18.00
4/15/2016 Raymond James Upgrade Strong Buy (Outperform) PT 17.00
US Bank has been Microns collateral agent since 2001 and you're just noticing this! It is a normal agreement for a company to use intellectual property as collateral when money is borrowed via senior notes etc and US Bank is the trustee. If you own a home or a new car and have borrowed money to pay for them whose name appears as first lien holder. Stop making your payments a see who really owns your home. Never mind this will stress you out and probably cause you to devour the rest of your stash.
These things take time, a lot of moving parts. I wouldn't expect a kitty cat to understand now go change your litter box and uncle Denny will give you a donut.
The only thing Denny's been laying out is his dozen donuts, trying to decide which one to devour next. Are you and dozen pom pom buddies?
MU closed at $9.56 less than a month ago on May 13th which means it's up over $3 bucks in a few weeks. You ever hear of profit taking especially when a lot of folks are trying to raise some cash in anticipation of this market correction supposedly heading our way. Your AVGO is down over a buck today if you haven't noticed.