TRADING 14 SA FOR MNKD and MU

[TREND1]

7/2 A Micron Super Cycle?

•Micron once again beat estimates and raised expectations. At least for now, however, it wasn't enough to start a new leg up.

•There are those that argue Micron is facing a super cycle in memory or, at the minimum, the cyclical nature is becoming more muted.

•We see some rationale in that view, but argue that investors need more proof in order to latch onto that idea.

•In the meantime, bulls and bears, the latter expecting bad news out of the memory markets anytime soon, are locked.

•Equilibrium between those that have large profits and selling and/or those that see the end of the cycle, versus those that see it as a super cycle and notice the low valuations.


https://seekingalpha.com/article/4085339-micron-super-cycle?auth_param=1vat:1clj4sf:cdfa663d7bebcb21a33a0109ea7e47ec&uprof=51