so what mu said in cc was correct. PC macro changed, stable at least, with engineering also delivering, we go test $20.50 next resistance level. Punch through that, nothing tilkl $25.
now it's becoming like police shaking out 3 accomplices to a single crime, 'ok, we know you all did it. the first guy who spill the beans/cover, he'll get the break/best deal.' and the shorts all sit there looking at one another wondering who is going to break down and bail to safe his own skin.
$18 resistance cleanly broken on high volume with follow through, next resistance will be you $20.50. The one after that, $25.
From the tune on this board, there's still a lot of shorts left, ala lots more ammo left to drive this thing higher.
8m shares in first 30 minutes, momo is still there. No doubt sentiments turned, not just for MU, but for all semis/techs.
the shorts getting rolled over..... ough? enuf life left for an ouch? unlike going long, there is no loss limit in going short.
this verifies what MU said in cc, market is bottoming for memories. Future's up..... this is going to be interesting.
looking at the spike today, don't think any of the long daytraders would be nice enough to close their positions today = more short squeeze tomorrow.
earliest short relief won't be till wednesday. enjoy!
dangerous statement, you are seriously suggesting that the feds know what they are doing, that they know the difference between having your back and having accidently sticking a knife in your back
Big announcement out, stock is spiking. What? You missed it? Do go back and re-read the cc transcript.
all the incessant postings, you are little Johnny pouting on the playground that the whole world won't play by your rules.
Get a clue, the other bashers are deleting their post fast furious.
yes, memories have always been cyclical, but.....
The old bottoms were marked by massive losses for all. In overcapacity, participants build even more capacity and ramp to take market share. Hence memory business has never been given high PEs.
With the massive consolidation/down to 3 for DRAMs, MU and also analysts are cautiously predicting this bottom will be different, that the surviving parties will be more realistic. This is what MU alluded to the last 6 months, especially during the last cc. This is why sndk spiked on MU earnings on Friday.
Nothing risked, nothing gained. Just place your bets, why waste your life pumping/bashing not just all day long, but all weekend/nights as well? Pumpers/bashers got no life?
low end China phones - their mobile share went up significantly, suspect due to what they alluded to, the bundling dram and nand to get a sales advantage over single memory type guys like LG/dram only or sndk/nand only.
wish they can ramp 3D nand faster, sammy has already started the ramp. hope they are just sandbagging it and there'll be nice surprises down the road.
a lot more clarity on XP than just the technicals as last time. As they say, moving right along:
1. as I expected, mobile will not be the first users because of the cost.
2. enterprise can only stuff so much dram in a rack because of power considerations. enterprise can pay, so they will be early adopters. However, enterprise is cautious and so I expect a slow ramp for a brand new tech.
3. I was nicely surprised that they found guys who will pay and who will be a fast first adopters - gamers. Nice.
btw, some of the analysts caught this part too, that the part they can control, the technology, has turned. Some still are not getting it, kept harping on the part that MU cannot control, the ASP.
past q result is significant - engineering turned the corner is has started to deliver. Financials will follow.
10/1, CCP birthday when multi-billionaires at the top toast each other on their hard-earned successes.
for MU - judgement day!
for bashers and pumpers - keep up the constant useless drivels, only 8 more hours before reality hits.
investing in WDC/hard disc is like investing in tape drives. The chinese will lose their money. That is good.
"they are expected to have a strong quarter"
not sure how you define that, but last Q was slow and estimates are coming down for this Q because of minimum rebound Q4 PC sales rebound.
"we believe Micron’s stock will continue to track DRAM/NAND pricing,"
since chip prices are always on the decline, that statement cannot be true.
having said that, mu management had said that there was not going to be any bit growth for last Q. They are moving moving their technology forward. MU is already behind in technology, they need to push that.