Is all this cap-x needed now if inventories are building like many are saying? Some buybacks may help but they do have a lot of shares outstanding.
There was actually an article a few days back that MU is a good company with management that does not know how to speak to Wall Street. It seems that changes may refresh things.
Global growth has something to do with it and you have a Fed that cannot agree on anything except speaking at events with different viewpoints. She has lost control of the Fed.
I read the article who knows where MU goes but when the market sentiment is so weak that's when these articles usually show up and the writers are usually short. Piling on works in both type of markets.
WS loves to pile on to the downside in a weak market and the same in a strong market. Remember how many of these same guys were putting $40-$50 targets on MU not that long ago. The sad part is markets follow these calls because that's all there is these analysts right or wrong. It creates volatility which market guys love.
I posted there would be a downgrade today based on the last few minutes action with no buying. Sure enough Baird today piles on at this level. It's nice to be in the loop and know in advance like those who were selling late yesterday possibly some Baird traders too. Possibly this downgrade may work in reverse today since when most have downgraded any stock sometimes a near-term bottom is put in I guess we'll see at the close. The weakest hands need to be shook out today for sure.