It is true you are not like the extreme nasty posters that infest this site. I also have only one ID. I just ask you WHY post & pumpdozens of times a day? What does this bring you?
For your information, not that you deserve anything, I am not shorting it. Writing Covered Calls is to bring in income. No one expected this to go and shoot up this much. All I get is criticism, and no real response from the sources I quote. Who even commented on the Credit Suisse, except to give lazy down thumbs. What a bunch.
Don't agree at all. There was a considerable shift up after the Hynix fire. I know, because I was writing covered calls to reasonably thought out strikes, to now be screwed to the max with no escape.
Please, I've read all their articles. "The most knowledgeable man alive on MU." Spare me. You have nothing to comment on what I provided, which simply shows how biased you are. Continue to worship at the church of MU via Seeking Alpha's writers.
AND, from Credit Suisse Dec. 4 Conference:
John Pitzer - Credit Suisse
On the DRAM side why aren't you more bullish as reflected in your supply growth with that planned CapEx? I mean if you think about the market you've got a similar Moore's law issue in DRAM that you have in NAND around 20 nanometer shrinks. It's unclear what materials need to go in. You've also got growth drivers in the smartphone market with mobile RAM I can make the argument you've got significant growth drivers in the data center server market as configuration builds continue to go up. Why aren't you more bullish on that market?
Kipp Bedard - VP, IR
I think probably what you're seeing from the industry today is just a little bit of a pause. We've had again this 30 year history of not returning our cost to capital and I think we have a period year we just got get that earned back. I do think I'm like you, I do think there is opportunity in the future that we're going to need to add some bits. I think the growth rate on the demand side is higher than this mid 20% type range. But I think you're going to have to, I think the industry is going to wait certainly we're going to wait, we're on record to say look we've got to get even higher returns here before it makes sense for us on a return on invested capital basis to go add one more wafer into DRAM.
Does Bedard of MU sound so bullish here? No.
And what really irks me is that everyone and his brother is building up MU's comments from this conference as if they stated such incredibly bullish statements, when in reality, Bedard's comments contain many comments that are not.
Overly optimistic on MU. How many stocks rise around 230% in 11 months, with a particularly rapid rise in 2-3 weeks? The quicker they rise, the quicker they fall. ,MU is a perfect candidate for this, regardless of how it appears, and the mania surrounding it.
Almost every writer's slant and info on Hynix's condition is incorrect. Here is the latest I have found from only 2 weeks ago:
Return of SKHynix WuXi production stablized DRAM prices
Friday, November 22, 2013
DRAM prices could drop slightly this quarter because of sluggish demand and increasing supply from SK Hynix Inc, ending a months-long price uptick due to tight supply, local market researcher TrendForce Corp (W–M‰È‹Z) said in a report yesterday.
DRAM chipmakers again agreed to hold DRAM contract prices steady for the first half of this month during the bimonthly negotiations with their clients, mostly PC makers, according to the pricing information provided by TrendForce.However, chipmakers gare under pricing pressure as demand weakens in the slack season,h the report said.
In addition, SK Hynix, the worldfs No. 2 memorychip maker, began shipping chips from its fire-damaged plant in Wuxi, China, this month, which is ghelping ease a supply constraint,h TrendForce said.
SK Hynix restored part of the plantfs capacity, about 30,000 wafers a month, last month and has increased its DRAM chip supply from plants in South Korea, TrendForce said. SK Hynix aims to boost its supply to the same level the Wuxi plant produced before the fire, it said.
The Wuxi plant, which has a monthly capacity of 130,000 wafers, is expected to be fully back in operation by next quarter, TrendForce said. The movement of DRAM spot prices clearly reflected a downtrend in prices, the report said. The price of mainstream 2Gb chips fell 9.2 percent to US$1.98 per unit from a high of US$2.8 early this month, TrendForce said. The price of 4Gb chips declined 3.4 percent to below US$4 per unit during the same period, it said.
Yes, I can tell you, what the moderators will just pull it. Suffice it to say he is a major irritant on this, and I hear, other Yahoo boards. I'm sick of the dozens of pumping posts. He must sit here most of the day to continue his quest to pump.
Dont' you love his dozens of pumper posts every day, after day, ad nauseum? And his proclamations of double, triple and more price increases? What's the motivation of a person who is obsessed and determined to post constantly the same, over and over ?
Talk about disturbed persons - look in the mirror. You, who post dozens of times a day on your MU crusade.
The beginning of this post must have been deleted by the lovely moderators, so I don't know what happened. But I will tell you that this board is loaded with nasty, vicious people waiting to ridicule, belittle and attack anyone who expresses anything other than agreeing with MU groupie lover's outlooks and opinions.
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.