I don't think we are going to see a print under $30 and the sell off is an over reaction but it still has to be frustrating to holders of Micron.
No..Its not. Who cares what you see if no one else is buying?
It's not about the PE...It's about GROWTH and Micron's big gains are past post Elpida. If you invested money in Micron 14 YEARS AGO...You would still be DOWN money. It's just how it is. They made big bets on Elipida and it paid off from a few years ago. It's not going to be a terrible investment going forward but its hard to see how this is going to really take off any time soon. It's as if shorts are just waiting for ANY excuse to tank this stock. Future chip plants....behind in technology...etc. Micron seems to never get rewarded in a way that approaches. they way it tanks. How can you justify a move from $35 a few trading days ago to now approach $30 with no previous run up the previous 6 months with a beat in earnings and a slight miss in revenues? You can't.
I was thinking the same...Last few quarters have reported during big negative days in overall markets.
I've been playing/watching FB close....It actually fell to the area of support I was hoping for a Friday which was somewhere around $77.75 and then bounced. Thinking we see this pop to $84-$85 soon and well ahead of earnings as long as markets play nice.
FB breakout has been nice...I'll still day trade MU here and there and play it around earnings but mostly done with it. Market has recovered nicely whereas MU after FINALLY breaking out is sub $35 still. Where are the buyers?
You should hide from life then because the same applies outside of FB.
I guess if you make $2 per share on a swing trade you are greedy but if you have $15 per share made wanting $30 a share you aren't...
Why do you associate short term with greed? If anything, someone not happy with short gains and who wants MORE!!...would be considered greedy in most people's book. It all comes down to making money. Opportunity.
30 minutes to go...Bid $35.60. Would be nice to see a push and close above $36.