Zach apparently is ranking MU a 'Strong Buy' but then turns around and talks up this stupid misleading Hynix oversupply of DRAM scare! They need to put that BS to rest!
"Moreover, Micron’s peer Hynix is reported to invest approximately $4 billion to build a new manufacturing facility for DRAM memory chips whose production is expected to start from 2015. Thus, over supply of DRAM chips could negatively impact prices. Additionally, it will also not be easy for Micron to capture share from SanDisk Corp. (SNDK), a key player in the NAND zone. Nevertheless, with support from its prime NAND customers – Apple and Intel Corp. (INTC) – the situation could become favorable for Micron going forward.
Currently, Micron has a Zacks Rank #1 (Strong Buy)."
You too dhaka man! Didn't care much for that drop to 22.17 at the close. Oh well, least we reached 22.58 today. Didn't sell. Gambling my little rear end off on this one but think I'll do OK (above 22.56 next week). kg
Well, I say today it did. Oh, the overall market has certainly helped. And I don't care for SA but the article was very positive for MU at a time we needed it. Just like the BS bloomberg & other neg article(s) timing along with the FED deal was opportunistically negative this week. I do agree with you that MU's undervalued right now and has more room to run into the new year.
td, thx for the tips on SWIR (Sierra Wireles) and S(Sprint)! I just did a quick review and both have increased steadily every day this week! Looks like S has been going up steadily for at least the last 3 months! I'm wondering if this is because it's just doing well or if it's the anticipation of a bid for T-Mobile? Thoughts on that appreciated. kg
Now back down to 22.45. Oh well. I may just hold into next week. Based on the overall market today and MU's new 22.50 support level, think it reasonable to take a nice profit Monday or Tuesday next week. (If not by tonight's close) kg
Thx, I think this was Yahoo's alert system sending and alert one day before. However, Yahoo does say "Next Earnings Date: Jan 6, 2014"...
Is this accurate?
I think MU's rise today is more a factor of this morning's positive SA news release, "Micron Is Going For The Win". Yes the overall market is up today, but not as much as MU's climb.
Good job on F. Wow, if you made money on that you're good! I've been watching it all week - gott hammered last few days. Figured it was due for a leg up today. I was right but didn't get in in time.
Yes, MU does appear to be acting like it's old self again today. I haven't seen any news releases yet that I can attribute it to. It has been hammered this week and was stagnant at best last week. The overall market is up on bullish economy data and most of my reader is up from that. But then today's a Friday and going into short Xmas next week. Go figure!
I ain't complaining. Sitting on 6K of MU @ $22.56 Long. Itchy to get out before tonight though....
Well said! MU seems to be getting past the misleading articles from earlier in the week.
I'm sitting on 6K shrs @ $22.56 cost basis. I want to get out of the majority of this by end of today because I don't want to ride the weekend and/or the XMAS short trading nest week. I have a sell order in right now at BE 22.57.
What do you think dhaka?
Question: I keep asking and haven't gotten an answer yet. When's 4Q 2013 Earnings Release?