YOU added the last paragraph of $30-$50.
The author talks about a 252% increase in 52 weeks and how it is overbought, and that a correction could drive it down.
Stop editorializing and putting your own inflated price expectation, implying it is someone else's.
dhaka, again, posts ceaselessly, day after day, hour after hour, about how high MU will go. Who wants to read your super-pumping and your own made-up figures? Do you have a life?
What are you so happy about? His other comments were talk-speak and not reassuring when you parse the verbage.
I respected Najarian for a while. Then, I found all the wrong calls he makes. I'd take Grasso or Adami or Seymour or him now. And he's obsessed with options to the point that it takes over his total outlook on trading. He's gone off the deep end. Just like today, "Showing interest in April $28 and $29." Take a look at the option chain. Wow, I'm really impressed with the volume and open interest - NOT!
Perhaps it could be called topping out. Over 200% increase, and you guys expect the moon. Wait for the pullback. The big boy are simply waiting for the right time, and you'll be seeing $18.
$22.50-$23, huh? Try $21.76. Take your $80 and flush it down the toilet.
Do you know anything? NAND (& DRAM) are the "chips" MU produces. I can't believe the ignorance on this board.
So what is Neeham the last word? Read the IDC article published on Seeing Alpha on significant PC sales decline, and that MU is one of the six companies they listed as vulnerable.
You need to sign up at no cost for Seeking Alpha, or you don't necessarily find the articles, or they appear later and no comments will be viewable. A very useful tool, as you set up Portfolio(s) you receive articles every day on.
SEEKING ALPHA, Dec. 3, 2013
IDC lowers 2013 PC forecast, now sees 10.1% shipment drop • 12:49 PM
•After forecasting in August global PC shipments would fall 9.7% Y/Y in 2013, IDC now estimates they'll drop 10.1% to 314.2M. Consumer shipments are expected to drop 15%, and commercial shipments (tend to have higher ASPs) 5%.
•Interestingly, emerging markets (shipments -11% to 182.1M) are expected to see a slightly larger drop than "mature markets" (-8% to 132M). There have been signs of stabilizing demand in the U.S. and certain other developed markets.
•IDC's forecast cut comes even though the firm thinks shipment declines moderated to a 7.6% Y/Y clip in Q3, after dropping 11.4% in Q2. In addition, H-P (HPQ +0.8%) just reported a mere 2% Y/Y PC sales drop for its Oct. quarter, and Intel (INTC -1%) stated the PC market is "beginning to show signs of stabilization," albeit while providing disappointing 2014 guidance.
•IDC expects shipments to drop another 3.8% in 2014 before "turning slightly positive in the longer term." It foresees 2017 shipments (naturally hard to predict) of 305.1M - barely above 2008 levels.
•For reference, IDC has predicted smartphone shipments will rise 39% this year to 1.01B (over 3x PC shipments), and tablet shipments will rise 58% to 227M (72% of PC shipments).
•Affected companies: MSFT, STX, WDC, MU, AMD, NVDA, LNVGY
The large PC slump was reported today by numerous sources. It affects MU as well, which is in their list above, as they don't only provided memory to smartphones.
Here's a paragraph from your quote above:
"Calculating on the basis of the contract price figures, the 4Gb price is estimated at approximately $4.06, which is close to the spot market's $4.25 (11/28 closing price). Looking at December, it is not unlikely for contract prices to remain stable or show slight signs of growth if the yield rate issues and shipment delays continue."
REMAIN STABLE or show SLIGHT signs of growth - isn't exactly raving about some major increase, like so many of you on this board insist on. Besides, the constant change in DRAM/NAND prices tells you - you can't count on this as their thesis that MU is heading to the skies. It's a coin flip they will, esp. w/Hynix getting closer and closer to more and more production, watch out. DramExchange isn't exactly unbiased in their articles, which show editorializing, and are not without their bias.
wgrsh ccchris, appreciate differing viewpoints, and thanks for being gentlemen, unlike the loud voices that attack you for not posting "it's going to $30 by end of week" & etc.
We'll see. Hynix wouldn't agree with a thing you said. Their ramp up is rapid. Expect the figures to turn to their favor and bring prices down for the others THIS MONTH. Expand your article reading.
From CNBC: Market Insider. Top of CNBC US Main site on Monday night.
Oh, thumbs down to you, too. Can't handle the truth? Then don't read it.
CAUTION REIGNS ON WALL STREET AS NOV JOB REPORT LOOMS
: Monday, 2 Dec 2013 | 5:28 PM ETBy: Kate Gibson | Markets Writer
What is historically one of Wall Street's best months may not live up to that billing this time around.
The first trading session of December got off to a less-than-positive start Monday, with investors bypassing a better-than-expected manufacturing report and mixed indicators on the holiday shopping season to engage in across-the-board selling.
The culprit? Most likely the fact that the S&P 500 is positioned for its best year in a decade, up more than 26 percent in 2013.
(Read more: Get ready for 10 percent drop: Goldman)
"We've had such a strong year," said Ian Kerrigan, an investment specialist at JPMorgan Private Bank. "If the market wants to take a break in December, it's well-deserved."
There's also a reluctance to take major positions before the release of the nonfarm payrolls report Friday, particularly considering its potential impact on U.S. monetary policy.
Wall Street could well have "a buyer's strike, as there is no incentive to put capital at risk, especially with the jobs report," Kerrigan said. "We're cautious. It's hard to chase when you're up 26 percent and up 13 percent the year before."
Dow Jones Industrial Average
Name Price Change %Change
DJIA Dow Jones Industrial Average 16008.77 -77.64 -0.48%
S&P 500 S&P 500 Index 1800.90 -4.91 -0.27%
NASDAQ Nasdaq Composite Index 4045.26 -14.63 -0.36%
Given the Federal Reserve's focus on the labor and housing markets, the monthly employment data could be key in whether the central bank chooses to start reducing its $85 billion in monthly asset purchases sooner rather than later.
(Read more: Markets send taper message)
The Institute for Supply Management's gauge of factory activity in November showed another month of expansion and "supports an improving economy
Hey, smarty, do you ever look at the days it is down? Or do you have the capacity to figure out how this stock Is manipulated? Even longs on this board who are chart types point out how manipulation brought the stock to 20.90 at 9:32am today. As far as suggestions go, I hope you added to your long position at the high of the day :-)