if you think this message board has any influence on the price of any stock you are sadly mistaken- but its fun watching!
That may be your plan but a 01% market correction will derail it for awhile wheather you like it or not- the question was not where it is going- which I happen to agree with you on- the question was how low COULD IT GO - and it could easily go back to 16- end of story
Sorry Dhaka- you really do not know MU do you! A 10% market correction will bring it down to this level or lower-lest you forget 6 weeks ago when an earnings beat brought it down to $16.10- Until 2 more quarters of substantial earnings increases are in the books this think can EASILY pull back to this level- Don't put all your eggs in 1 basket and NEVER think MU will not do something- because just about that time--IT WILL
try forward growth rate of 18% /year for the next 5 years- you are really out of the picture- and your $2 in earnings is way low also!- Time to pull your head out and also your short- cause you are gonna lose your shorts- and probably your house too- if you have 1
I agree with you mike- I sold also and also do believe we will see just under 20 before next earnings- people will take profit on this fast run up and then wait to see material earnings before diving back in- I do believe we will see 30 but we will see it in the 19's also before it gets there- smart move- greed can be a debilitating thing
I'm not- I game 500 k in it and believe it will double also
I agree- these guys are looking for at least 50% and probably more if they have it as their largest position in their portfolio