The US stock market is good going forward, at least until interest rate rise announcement mid 2015. I'm staying in hoping for an overall market end of year run up. Will have to get out by end of year. kg
I feel your pain this morning Codi. Yeah, what gives, a 5% SP drop in first few hours of Monday trading! The semi market appears to be over reacting to the Samsung deal which doesn't even get finished and start until 2017. Right now Reuters seems to be big on selling MU into strength: "Investors should book profits or reduce this position on strength back towards the high. " At the same time Barrons is saying: "More demand for computer memory could lift Micron shares 50 pct -Barron's".
Nothing makes sense on today's action!
All I know is Friday closed at $33.94 and already this Monday morning it's been as low as $31.91!
Stable and slow steady growth in SP suits my investment nicely. I know if the overall market tanks, MU will go down with it, just not as much. Tech sector is the key. As long as the world needs the products MU supports, MU should do fine long run. I'm wanting to sell by Christmas to get off margin completely. Just hoping the overall market makes it until then... kg
Ah, I get it, when he said "pin action" he's just referring to momentum going forward. And yes, we didn't get much, at least so far... kg
codi,,thanks for your thoughts. Hope I'm wrong but if I sum up it would seem if the oligopoly is truly working and here to stay, then with the more stable "(buisiness, not Stock price)" we could expect to see only a stable stock price going forward (not the aggressive growth we've had). Your thoughts? kg
Well at least Cramer got it right re MU's action after Thursday's ER:
"and Micron (MU) gave an extraordinary conference call that was forgotten during the weekend. There should have been some pin action from Micron's call. "
Can someone explain what he's talking about "pin action" and it's relationship to MU?
bob, I haven't followed this particular issue very closely. Just for clarification are you saying MU did report it correctly this CC, just not prior? kg
MU continues to have very positive things going for it during the next Qtr. These are things weighing on the entire market going forward:
- Putin, Ukraine, Impact on European market
- High US Dollar
- November Iran Nuke deal implodes
- Fear of higher interest rates
Let's just hope the Tech sector stays strong.
kg2931 Long & Strong 2K shrs MU @ $24.92 held since 3/5/14)
The overall market still has the ugly month of OCTOBER to get through. After and before end of year MU should steadily climb. The ER is out and good with reasonably good guidance. Nothing bad that;s for sure. I'm looking for 40 but will be happy settling for 38. Who knows... kg
Look at it this way, anticipating another good to great MU ER on a Wall Street sell off day means more MU Buying when it's cheap! Doubt there will be much selling... kg
Usually MU gets about 2 - 3 per day. Last few days not much at all. Anybody else notice this? Wonder what's cooking? kg
In that scenario doubt it will go "below $30". Might dip a bit or stay flat for a week or so but MU has too much going for it in the right market for a while longer. Just hoping it gets to $34 and stabilizes there for now. kg
I'm thinking the same as you codi but think I'll just stay put. I think the odds of MU seeing $35 - $37 by end of year are better than a long term pull back after 3Q 2014 earnings. I will be ready to get out though by EoYr.
kg2931 (2K shrs MU @ $24.92 Long since 3/5/14)
Haven't been watching my RBY but today it's up 12%, wow! I see a recent news release saying production mid 2015. Hope you're right but what evidence have you seen suggesting "before year's end"?
kg2931 (10KK shrs RBY @ $ 5.54 Shr ($55,407) held Long since 4/11/2011)