I am so glad to see your posting, I feel sometimes I need to keep my share until after earning because you have received two negative feedback for absolutely no reason; all because you stated a positive prediction for MU. I think when a stock has a lot of negative review on Yahoo board, this is a bullish sign for the stock, this is my hunch.
I have no idea why this is down. There was a news for today under Yahoo stating that a fund firm has decrease is holding of from 50 mill shares to 19 mill. But this is not news. I thought news means it must be new. If you look at Forbes website for Feb 24 at 3:30, it states that that this firm has reduced its shares from 50 to 19. What is so new about that? This is strange. There may be other reason for going red today.
Cheetah, answer this. I tried to look at PE of almost all technology companies with large market capital and MU has the lowest, why is that? You may say it could be due the future earning. How about these companies with PE 13 and over, their future is no different from MU. I do not get it.
Don't institutional who own millions of stocks have their analysts? Do they wait until an analyst outside their firms downgrade the stock and then sell it. It does not make sense to me. I think big institutions have enough money and analysts to guide them what to do with their holdings. They do not need to wait for another analyst to tell them what to do. If these institutions are that gullible to listen to an outside analysts, their selling stocks should be taken seriously. This is just my opinion.
just do a small research. then randomly select 100 technology companies. from these 100, randomly select 20, and look for Their PE. Then, compare their PE with MU, you will find MU will have the lowest PE, or one from the lowest. Why should be MU treated like this? Is it fair? Oh, I see, you may say future counts. And none of 20 randomly selected have no problem in the future. I do not buy it. It does not make sense.