We had major volume on the upside when the possible buyout was rumoured and also when the 3D-X was announced. Maybe some of those people decided with no firm merger and the new tech a year out that they had better opportunities for their money in other stocks in the mean time.
I would guess because the rich people wanted the MU price to be lower for whatever reason. Retail investors do not move stocks, we just are along for the ride.
Just remember that is 2012-2013 Apple dropped almost 50% even though they were making historic earnings. It is all about how much fear the media drives into investors to get them to flee a security. It's a rigged game. But if you buy a good company and hold it will pay off at some point.
Big money controls everything that happens on Wall Street. MU has great promise with their new technology, just buy and hold a year for a nice return. Forget the daily manipulated noise from the pits.
It doesn't matter as the price is a joke anyway. Actually if the new 3D-X memory is that good it is better to not sell the company at this point in time.
I agree......... but no offer was made. I think MU will get an offer if the share price remains at current levels but by who is the question.
The new memory is a revolutionary step in memory storage. EVERYONE wants what is faster. I don't know what the share price of MU will do for the next 2 quarters but buying now and at the current price and holding for 1-2 years is a no-brainer. Big money will be made for patient MU investors.
Sure there is great news that will not effect MU's performance for at least 3-4 quarters. The SHORTS are having fun with share price in the mean time. Long term Micron will do great, but short term the chip industry is having difficulty.
Pure and simple SHORTS are gamblers and LONGS are investors. Wall Street has big boys who manipulate stocks and scare the LONGS out of their positions....... then they pile in driving the price back up. If you have a good company stick with it.
More likely Intel will buy MU. I personally think Apple would be very smart to buy MU. Let's face it memory is in all Apple products & MU is a money maker that would add to the bottom line immediately.
With ground breaking memory technology in hand and share price very depressed at the moment MU has just come on the radar for other companies as a buy-out opportunity. Micron makes good money, is at a low P/E and is a major player in the memory space. Seems to me the Chinese would still be making an offer, Intel may consider buying their partner or Apple might want to grab a supplier who can take care of all their memory needs and have the control of a new technology. Obviously there are others that would be interested as well.
I believe we will see MU moving up to the high $20s or even $30 by the end of this year.
Profit taking. There are many people who TRADE rather than invest. They bought in and sold for a $1+ per share profit. They are happy and move on to look for new opportunities.
Just think of the change to the consumer computer industry. Today you buy a laptop with 512Gb SSD but after a while you may still have external storage for photo libraries and videos etc. With 3D Xpoint the same laptop can have 5 Tb of memory which will eliminate the need for extra storage completely. And what about smart phones? Will we see many going to a 20Gb built in memory? Will this kill Western Digital and Seagate?
Sure 3D X will cost more but I will venture to guess it will be cheaper per Tb than existing memory.