all the contrasting news on MU has one central theme. Even the most positive guesses are lowering the next two quarters eps estimates and projecting a recovery in mid 2016. I am hearing this and going to act as though it is correct. Good luck to all day traders trying to make a buck here.
A lot of theories here but two Fri items inspired this drop. First was a very negative tech savy piece that caked from S/A that trashed both Intel and MU and their 3dXP break thru. Second, it was OP/EX and while many do not think this can occasionally effect short term moves, it was clearly loaded to favor a drop this day. Also, it became clear that the "buyout" offer was more explatory than serious. So, here we are.
If you need to ask you should not be investing in this high risk Chinese managed company. You can bet on making a 20% return in about a year, or go to Vegas.
In the world of very short lives for any new technology before everyone has a competitive product, it is interesting that they announced this a year before it will be in full production. Some very small companies are saying it "looks " like their patented product. So MU-INTC must be confident this is so cost intensive it can't be replicated by the usual thieves.
Exactly right. It ain't getting cut. Some of the hopeful but least informed think this will happen. It won't but MU will come back mid year 2016 into the 30s as 3D, new Dram demand and successful transition to Higher margin NAND impact earnings . Till then it's a traders gamble..
Well, now that the suffering shareholders have begged to be put out of their misery after management has sucked all the profits here for years, management will sit back and wait for yet another fat self manufactured payday. Meanwhile the demoralized employees will be looking for work or sitting on their behinds for a year as this scam disintegrates.
Exact same tactics and pattern as with OVTI last Oct. Nothing has happened on that either.
The sudden flock of newbies into MU offering opinions is what makes this forum worthless. I notice most of the retail t/a "experts" and long pumpers have vanished. No one here knows jack squat. Has anyone bothered to check out OVTI. Most are more interested in hearing themselves than doing research that might make them better equipped to make money off this new play. Just tellin it like it is.
do some research on OVTI. China govt. owned company has been trying to buy them for a year. Look at their chart. Bottom line the U.S. Govt will never let this get close to happening.
When the last report on his holholdings came out in June it said he had bought in the first Q at prices above 27. So how does he now have a cost basis of $21? You see, that is the revealing fact that many if not most of these headline grabbing reports are not worth jack squat.
This is a perfect example of why you should never invest based on these analysts very late and shallow ideas. No you morons, you should have sold MU after it fell of the mid 30's months ago. And to all the newbies trying to learn how to understand writing reports for public consumption. With your up to now pushing $40 and $50 dollar forward pricing on MU. You are not providing a service, just noise for amature traders. Zacks was among them going from a top rank to sell without pausing.It is free, it's also junk.
And those are highlights. My grandson is a high school freshman and he could have created that.reiteration of settled numbers does not create interest or represent news, well maybe news 101. Most of the blips passing as financial "news" are little more than filling blank copy space.
You are correct in that many CEO's are adept at their efforts to manage all aspects of company business's including these important events like CCs. It is common practice to try and manage bad news by a contrived release date like Fri PM and even better, before a 3 day holiday. I suggested this as a clue to MUs release but was told by a long time holder they have never done that even though they had some big disappointments in past years. Of course that also speaks to the CEOs weakness in addressing the media.
That is probably a realistic reason to lower your expectations on the Q4 guidance. He has no problem doing that since he is not responsible pre his hire date and it will help him look very good when the rebound comes. Bottom line do you want to hold through the expected weak Q4 or has that factor already been discounted at the 24 price level?
if they can't drive this down it looks like bottom to me until Thurs eve reports. I wonder what the few who really know are doing. Very strange divergence of powerful forces but the facts will erase all this agenda driven criminally legal maneuvering.
All of these eleventh hour calls are very suspect. To come out with any release days or even weeks before a Quarterly release of earnings is clearly more agenda driven than research. None of these calls are based on new data or research that was not available weeks ago. I made a small fortune a few years ago going against an S & P Sell issued days before an OVTI release. It requires absolute conviction and I would not do it again. Too nerve wracking. Easier to just hide, watch and act after the results are in. Safer too. This puts MU's forward guidance under intense importance for the near term stock action.