Micron Technology (MU)

[Stock Trading Guru]

Here's why MU was down before, it's all about future earnings not past. The reason MU sold off was that 30 days ago, the forecast EPS was $0.90, today it's $0.78. Notice how within about 7 trading days of the revised lower EPS forecast, the stock dropped nearly perfectly in line with the lower EPS. It's a very efficient market that priced in lower EPS growth. At the same time, the rest of the market was selling off so the market probably overreacted a little on the downside and buyers like myself and others stepped in to play the candle over candle reversal.

That's psychologically tough to be in a stock as long as you have if you are use to swing trading shorter term. Hang in their brother. Hopefully fundamentals will eventually rule the day and it will reward you nicely.