Micron Technology (MU)

[Lokotony]

Good news today, so of course we start to get hit like AMD and INTC. Hope NOT to lose this 20%, but this damn market

[Monksdream]

While we are at with birth dates Bill Gates, Steve Jobs and Bill Joy were all born within six months of each other in 1955

[CharlesNet]

Close to the same age as you. Born in 1953

[Monksdream]

I am busy posting new highs and new lows plus earnings report due 4/4 and 4/5
I would not doubt DELL has rallied this afternoon
The latest BS newsletter I received this morning was about US stocks being priced to perfection while Euro and Chinese stocks represent good undervalued bargains
Get em while they can be had on the cheap is the teaser message
In my view I figured the US economy would recover from the Covid pandemic only it wouldn’t happen overnight
After buying $50,000 each in the popular indexes: DIA, SPY, QQQ, MDY IWM IJR I started buying individual issues beginning in 2023
I bought issues making new 52 week highs and continued throughout 2023 to the point I have positions in over 100 companies
Most are mature companies in business even before I was born in 1952
The US economy is the most resilint economy on the planet

[CharlesNet]

I know Monk, isn’t it crazy! Also DELL is going nuts.

[Monksdream]

MU new 52 hi

[CharlesNet]

Yep

[Monksdream]

MU new 52 hi

[Monksdream]

MU new 52 hi
Next day settlement begins 5/28 per SEC mandate

[CharlesNet]

Great companies

[Monksdream]

And I
I also have shares of NVDA, QCOM, KLAC, ONTO, LRCX, ASML, TSMC, SMCI

[CharlesNet]

Thanks Monk. I own and love MU.

[Monksdream]

MU new 52 hi

[Monksdream]

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc

[Lokotony]

NOW, let's hope that the MMs don't run it into the ground. I have other stocks that had great earnings. 24 hour pop and then daily red forever. Hoping this is next big explosion like NVDA, even though this has been it's range for a long time.

[CharlesNet]

Nice pop on $MU after earnings

[Lokotony]

Just got in......let's go great earnings!!!!!

[Monksdream]

MU new 52 week high

[abracky]

https://finance.yahoo.com/news/micron-starts-mass-production-memory-134418085.html

[greese57]

NLST:)$$$ mycrap gunna pay!!!

[eyeownu]

Abandon ship. Abandon ship lmaooo

[greese57]

NLST patent infringement lawsuit against mycrap

[Expensivetaste281]

What does this have to do with $mu?

[greese57]

NLST:)$$$ 1/20/23 court case in Texas starts and mycrap is gonna pay up!!!!

[greese57]

NLST:)$$$ mycrap you are gunna pay up for ip theft!!!

[Monksdream]

MU new 52 week high

[Monksdream]

MU new 52 week high

[greese57]

NLST $$$ micrap gunna pay up $$$

[Nivea67515]

Stock has gone no where in 5 years! It’s crazy!

[greese57]

NLST:)$$$ MU is about to pay up NLST!!!

[makinezmoney]

$MU: Hope u got those $70-wkly calls !!!!!!!!!!

They were only $1.03 yesterday !!!!!!!!!!!!!

Should be $3 today

Nice beat on earnings........... no surprise............... easy peasy !


GO $MU

[budgetthis]

Micron to the Moon……

Go MU !!

[Clean]

https://www.wsj.com/articles/china-ratchets-up-pressure-on-foreign-companies-524b958e

And then there's this...

[Clean]

I guess it depends on what GPU models Musk buys for twitter... Looks like SK Hynix may be supplying Nvidia with their High Bandwidth Memory for their newer "compute" GPUs...

I can't confirm if Micron will benefit from this, since I can't find the specific model Musk is buying. I can't even find if he's buying Nvidia or AMD GPUs....

[Clean]

Still bouncing off up-trending support. Yesterday was some good volume. I'm still pretty bearish. But Micron is holding up well and the upcoming Earnings may be a bit overdone on the low side...

Considering this is currently basing at the high end of its trading range for the past 10 months, makes me think this breaks out to the upside. 64.40sih breakout will not be easy... Could go either way.

China PR could ruin any upside momentum. But there is a huge potential catalyst on earnings with the twitter purchase of 10,000 GPUs. No idea if that hit this quarter or next???

https://bitscreener.com/crypto-news/elon-musk-buys-thousands-of-gpus-for-ai-project-at-twitter#:~:text=According%20to%20two%20sources%20familiar%20to%20the%20company%2C,halt%20in%20the%20development%20of%20powerful%20AI%20models.

[Clean]

Prop it up baby prop it up!!!

As of march 2023 debt is higher than cash on hand. Have not seen this in quite some time. Check the long term debt, it almost doubled from previous quarter. Retained earnings have been on the decline past two quarters and will most likely continue. Looks like a valuation pump based on plant construction revenue needs rather than fundamentals.
https://www.sec.gov/Archives/edgar/data/723125/000072312523000022/mu-20230302.htm

Combine that with the fact that ETH is no longer POW. The demand will probably not see 2020-2022 levels for quite some time. Everything the in the report that they are pushing this up with, has more arguments against than for this analyst's thesis.

Yes, Samsung cuts are good but this is just a slightly less bad story than an actual good one.

I like micron, but after this run I, still think this is going lower...

[Clean]

They're selling delusion hard on this one...

[starbuxsux]

Micron Unveils Plans For $15 Billion Chip Manufacturing Plant In Idaho

https://www.thestreet.com/markets/micron-unveils-plans-for-15-billion-chip-manufacturing-plant-in-idaho?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2360139

[Nivea67515]

MU shareholders continue to be decimated!! Ugly here !

[dirtydozen911]

just tossed 300 more on my pile.......$62.90.....still think this can go lower.....have some dry powder if we break $60....gla
$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$.....the long game!!

[dirtydozen911]

shoulda....... coulda....woulda.......should have waited to E O D
just dropped over a buck in A H .......there`s the $65 range i`ve been waiting for.
no matter ....great bargain at these levels.....i`ll just keep adding small pieces, if it heads lower ...G L A...$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$

[dirtydozen911]

might not be the bottom....but just took a small bite!
added 300 @ $67.32.....15:32:09.

$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$$$$$$....G L A

[dirtydozen911]

might take a nibble if this breaks thru to 70.50...70.60 range....200 / 300 shs
$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$$

[InvestedMindset]

COVID PRODUCTION RESTRICTIONS LIFTED… Finnally! We’re back on track. It’s a trickle start, but we’re where we need to be. Cheers to what comes next..

https://www.channelnewsasia.com/business/taiwan-firms-china-hub-make-uneven-restart-covid-19-curbs-2635011

[dirtydozen911]

took a chance on that last dip.......adding smaller chunks, as i think bottom is mid 60`s........added 500...........$71.05....gla

$$$$$$$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$$$$$$

[dirtydozen911]

sweeeeet....just scored my 1500...@ $75.44......G L A
$$$$$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$$$$$$$$$$

[dirtydozen911]

coming up a couple bucks.......looking to buy 1500...mid 75`s....don`t know if i`ll see that today...but patient!
$$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$....in the WINNERS CIRCLE

[Imperial Whazoo]

In oredr to time buys or sells, it is important to consider the jobs report that comes out tomorrow. Am I right in thinking it comes out before the market tomorrow?

IW

[Imperial Whazoo]

Yeah. I trade it early today & took a quick .63% profit, probably because I am unfamiliar with how it trades, because, had I stayed in the trade, I'd have done about 2.5% overall. Looking for a re-entry point. Im a day trader. Feast or famine, baby!!

IW

[Nivea67515]

Tim Seymour from CNBC says MU one of the great trading stocks of all time & that’s what it has been over the years as it has made a double top around $100 recently. This ticker will make people cry at night & I used to be one of them!