Why has this dropped so much? (Duh I know - Samsung building capacity, SNDK) But really - have estimates been ratcheted down by 20%. Just in October, many analysts were saying if you're going to buy anything, buy MU now at $27. So what happens this time when it hits $27? The volume has been intense as it continues to get dumped in the last few days. It is reasonable to assume that this won't change on a dime and is headed lower short to mid-term. OUCH!
Don't be stupid - just look at the volume and price action. This isn't going to change overnight. Being SOLD strongly and SHORTED by funds. The ones holding on and closing our eyes are you, me and all the other retail holders. We will see soon enough if it holds $27 or goes south. I just don't feel an imminent reversal this time back above 200 MDA.