$Micron Technology(MU)$ Classic bottoming process looks to be underway. We're seeing a series of higher lows, with lower volume on down days and stronger up days on higher volume.
$Micron Technology(MU)$ Should be clear sailing up to 900 if we're going to move. If we get rejected first, it shuts things down until new news comes out to turn the tide. I know the earnings, I know the buybacks, and I'm long. But if you're swing trading and we can't get to 900 here, that's a problem.
$Micron Technology(MU)$ Once it touched 800 I gained a lot more confidence. I was waiting all day for it to just touch that level, because now I believe it's poised to go up. It has to.
$Micron Technology(MU)$ Today's downside has nothing to do with NVDA. It's just day trading and expected behavior after a big jump. Looking at MU's history, the stock is following almost exactly the same pattern as the March drop and later recovery. It could touch 840 and then move above 900 next week.
$Micron Technology(MU)$ Looking forward to the December 9 buybacks, and then the earnings release could really move things. I wouldn't be surprised to see it above 1,100 before January 1.
$Micron Technology(MU)$ Could see it closing above 800. Once the buyback starts, maybe over 950 around December 9th. Then over 1100 heading into earnings, and a new all-time high by Christmas.
$Micron Technology(MU)$ Why short now when the buyback could take this into the $850–1000 range? Never really understood the short mentality here. Selling low just to buy back higher? Crazy.
$Micron Technology(MU)$ MU could be one of the best-positioned stocks going forward. The recent chop likely reflects market makers trying to shake out weak hands before a faster move to new highs.
$Micron Technology(MU)$ MU is grossly undervalued. There is no other company on the market that trades anywhere close to MU's p/e multiple of 5, based on last quarter's earnings annualized, and next quarter's earnings are projected to be significantly higher. Another way to look at MU's valuation is to understand that at the current earnings rate and current market capitalization, a buyer of MU is earning a stunning 20% annually on their investment. The current annualized quarterly earnings statement income divided by the market capitalization being paid. By comparison, the same figure for GOOG currently is a whopping 3%, for MSFT it is 3.7%, for AAPL it is 2.3%. Basically, it will take investors 10 years of owning AAPL to generate the return t
$Micron Technology(MU)$ Trump backing Jensen suggests Jensen made an honest mistake and should be able to stay as CEO, given how important he is for AI leadership in the US. He's not perfect, and everyone makes mistakes. I wouldn't be surprised if the market overreacts to this.
$Micron Technology(MU)$ I'm honestly stunned. In my 30 years of investing, I've never seen a fundamentally sound stock get hit this hard. The forward PE is sitting around under 4. It just doesn't make sense.
$Micron Technology(MU)$ Going to be another fun week. I hope to pick up a few more this week to add to my position. A year from now, I expect this to be back to 1200 plus.
$Micron Technology(MU)$ The bears are suddenly out talking about things that have already been known for a while. We could rally from here, and there's a chance we touch 800 this week or next.
$Micron Technology(MU)$ No need to stress over data centers. Many US states and localities, along with international governments, actually want and welcome them. The physical location doesn't really matter. It's all good.
$Micron Technology(MU)$ I'm buying aggressively. Trading at 9 current p/e and 4 p/e forward 12 mo, this is the biggest no brainer of the year. I don't care how much they try to slow AI, this is money in the bank.
$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ Some kind of catalyst will likely be needed to break the downward momentum. Not sure the tech rout is ready to throw in the towel just yet. It wouldn't be surprising if the selling continues in the near term.
$Micron Technology(MU)$ Shorts got this back to where it was 3 days ago. For the bulls, it turned into a pretty rough day. I don't expect much movement on a Friday heading into election week, so it feels like a wait-and-see situation for now.