Do you have a crystal ball? MU has not always reported well, and this earnings season, we have seen tech stocks that reported well, others that did not. Don't count your chickens before they hatch.
Interesting, cheetah. You had downthumbs & my 1 upthumb. I posted; it was deleted, and the downthumbs deleted. Moderators in bed with posters here?
It does seem the Apple announcement has accelerated the losses this stock CONTINUES to see, day after day.
You failed to crawl out of the womb as a human, not even a sub-human. Take your nasty infantile comments and sick them where the sun don't shine.
You're always stating this, but you obviously don't follow your own ADVICE, as you are constantly answering those who don't like you. And, as abusive and pompous as you are, I wish you'd simply disappear..............
Well, two days later, and I am relieved to see the stock regain some of its loss. But it lost enough in the recent past, that I was biting my nails hoping there was a floor it would bounce off of. It appears that has happened, but one never knows with this stock. Let's hope the market continues to go up, but it is extremely volatile, and has gone into a pattern of selling off most every day, indicative of nervous investors, and institutional/hedge sorts taking advantage of it with their black boxes. It's pathetic that the market has turned into this, and still the SEC does nothing but empty talk.
I'm long 20K shares and have options. There are too many abusive morons on this site to let them know my cost basis or options. But thanks for sharing your position. I don't know that you want my advice, but I'm offering it in good faith.
You've done very well with a cost basis of $26. If you're in it for the long run, you may see $35 or $40, but this is a risky venture. Samsung is converting some of their fabrication to DRAM, and then will build a factory. One source says by the end of the year (sounds impossible), but others say mid to late 2015. As I believe Bill Tidwell pointed out in his article today, which I believe helped the stock in addition to the DB upgrade with a price target of $40, Samsung tends to do stupid things, and will probably then produce an over-supply of DRAM, and that would create a disaster for DRAM prices and for MU. That is why I say, there are risks involved, and it's easy to look at the positive articles and get swept away into an overly-optimistic, worry-free state of mind.
Which goes back to your cost basis. You have done well, and should watch the price action and check the various option expirations on a regular basis. If you see things start to deteriorate, I'd take my profits. As the old maxim says, there is never anything bad about taking profits. It's being too greedy that destroys your wealth. I could have saved myself much heartache by selling my shares when they went up to $34.50 after last earnings, and have been happy, and avoided paying margin interest on it (along with other stocks). No one knows where this stock will top out. It may reach $50, but it may never go past $35. There are so many factors at play in this ever-changing technology sector.
You chosen some fairly good prices for your covered calls, and choosing to only go to Sept. was wise, as I don't think the expected market correction will happen that soon, but one never knows.
The best to you.
Please. This Summit Research article doesn't support anything and is barely a skeleton of an article based on a "note" from this Srini guy. One of the other articles you can click on, right at the bottom of this article, is another Srini article entitled, "Micron Technology: Can't Make Stuff Fast Enough." I'd want the financial sites flooded with positive articles on MU, regardless of what all my enemies say here, since I am LONG, but this isn't happening. We are merely getting negative DRAM overcapacity & the Kingston memory thing, which, regardless of whether the excuse some Seeking Alpha person claimed that Kingston made their own poor decision to use more costly MU DRAM for memory rather than whatever.
Maybe DRAMexchange and Digitimes don't tell the truth -- people who make these accusations don't really provide enough support for this claim to convince me they are not the liars.
When someone can provide concrete information on all the above, I don't buy it.
You don't even need to factor in a correction to see that MU is dropping on big volume for several days now. There is huge institutional/fund selling. You need to be concerned that it is below the 20, the 50, and the 200 day MA. If it falls further, and doesn't bounce off the Aug. 7 29.70 support, we will really be in for a big problem.
Whether the charts showed an oversupply or simply the over-hyped and too massive of a runup in price, the charts show a downward trend. Any deadhead who wants to debate that -- bring it on, or you can't read a chart.
Comments by idiots don't deserve answers. Maybe if you take enough of your Androgel testosterone, you'l l be 500 pounds, nasty beatch with an inflated ego and wrong information. If you knew how to read a chart, the July 31st gap was filled a few days later, brainless.
Oh, what sage words of wisdom. Get yourself a life and get yourself an education, because you obviously had NOTHING to say, as most of those of your ilk, just simply an abusive, nasty response. Stupid money don't make money.
Replying to the Rock Brains below: Why don't you read what The Street says on why it is down. And it has to do with DRAM/NAND demand. Oh, and by the way, it closed near the low of the day. You give me attitude and mock me? YOU are fhe bumbling fools, and too myopic and brain-washed-dead. Enjoy your losses.
NEW YORK (TheStreet) -- Shares of Micron Technology (MU_) fell 3.34% to $31.51 in afternoon trading Tuesday amid concerns of oversupply in DRAM memory chips in 2015.
The decline stemmed from "negative articles" on the "capacity/supply" estimates in the memory chip market, Wedbush Securities analyst Betsy Van Hees told MarketWatch. DRAM chip makers could increase their capacity in the fourth quarter, which could have a negative effect, such as oversupply, on companies like Micron, according to a Monday article in EE Times.
More than 18 million shares had changed hands as of 2:33 p.m., compared to the average volume of 25,394,100. The stock had an intraday high of $32.60 and low of $31.45.
I don't think so. That indicates to me that DRAM/NAND demand is expected to plunge.
Great! I love it. She just put on her Androgel and is fired up, ready to go.
How are all the raving longs enjoying their "fortunes" dwindle? Bet you can't handle it, or it doesn''t reach the rock brains who post here. I''ve been crazy to have held this stock to see this happen.
Look, I'm not answering you again, abuser. If you had half a brain, you'd see it continues to descend, down to 31.56 on very high volume, at this time 12:43pm, almost to the normal daily volume. But I guess your total lack of basic knowledge shows you don't have a CLUE as to what that means. I'll spell it out - price dropping on high volume is a very negative indicator, indicating that there is massive dumping of the stock. GET IT! I doubt it. No more answers to your abusive and senseless posts. Post your a-- off. I could care less from this point on.