Struggling to even stay over $35.50 now, we can kiss the $40s goodbye for a long whiles.

As i always preach to my friends who are new to investing

"you need to play with the mindset of being the house as the house always wins"

Times like this i just re-read Benjamin Graham....

It's done on purpose...

Markets are controlled by the big firms, they'll have their analyst set unrealistic estimates when they want it down after they've sold all their shares in the highs & are now running it down to buy back in, leaving the retail guys to hold the bag.

AMD will its 30% drop is still 100%+ for the year...No i like positive you!

MU started it's decline months before the rest of the market & sector did. Eventually all the negative news needs to be baked in no? I would think they'd find their bottom before everyone else does. Good news is, the ones that fall hard first are usually the first to come roaring back. Once these "ANALyst" par back their ridiculous estimates of 40-50% annual gains & realize that 20% YOY is still freaking great, MU should make its way back to $50 IMO.

That's the most positive MU post by you in a while haha

You still don't think $20s is coming? at this rate, we'll see it Monday.

That $32.50 could hit by Friday.

at this rate $35 is on its way by Friday or tomorrow...I will never question you again hahahahaha

P/E of < 1 on its way.

In your opinion, considering the fact that MU is fundamentally strong, where does this actually bottom? At this rate we might go back to $10...

Notice how quiet Berkshire is? Smart money is chipping away laughing right now. This is 98 and 08 all over again, just buy incrementally each leg down, sell some covers & wait a few years.

Brutal, utterly brutal...

agreed, based on the fundamentals $70 should have happened months ago, It'll happen, just could be a couple of quarters from now that's all.

Sector rotation, the way it's been dropping anything is possible. It's a waiting game till the big boys come back in, for now they're off in pot stock land...

You're right, theres no stopping the big players, the big boys wants to run this down & down it will go... On its way back to $20s

I can't disagree with anything you just said...But I do see MU being at $100 either it be in 2019 or 2020.

Do you yourself believe that it is still as cyclical? I find it hard to believe with only 3 real players in the sector that they would allow for prices to plummet that much. Add to the fact that we're now heading into a decade which will see demand for memory increase 100 fold. Its no longer 1999 or 2009, we live in a age where high tech is in every aspect of our lives. Smart toasters will need memory...JMO

Why do you always like to slip in the condensing jabs? I'm a dreamer now? When people were calling for AMD to be at $30+ while it was trading at $16, were they dreamers? you're always full of excuses, always calling the "perfect trade" right? So when it does hit $80 then what?

and if it turns around then what? You're probably right that the downtrend may continue, but don't under estimate market sentiment which charts don't tell. MU can double to $80 just as quickly as it dropped from $60-$40.

We won't, It'll rotate back, supports looking strong so far. $50 will happen instantly & everyone will forget about these dark times hahahah

My bet is we begin a new rally right after the midterm elections. MU & other tech stocks has shown it can double in a matter of weeks. Don't sleep on those cheap $60-$70 calls for Jan'19.

HAHAHA RIGHT! I remember him loving MU at $60 & hating AMD at $16, how does this dude have a job?

When did he trash MU? I'd love for him to trash MU, everything he praises goes down...

Once trade war concerns fizzle, MU will double just like it did early in the year. $100 will come in a matter of a month of trading, It'll be very similar to AMD's rise. Just my opinion.

I think if we just turn off all access to the stock market for 8 months & check back next summer 2019. It's hard not to believe that MU will be trading at 55+ by then. But what do i know...

I’ve made a living shorting everything Cramer suggests. Not because I don’t agree with him, but his track record of stocks going down after he puts his stamp of approval on it can’t be ignored. Not to mention he said HE was a buy at $20!

So how do you explain the role reversal today? MU up 2.5% AMD down 3.1%

I feel bad for those young investors clouded by the idea of being "cool"

Or touch both 43s and 45s within an hour of trading as only MU can do hahahah

Up 3% down 3% who knows anymore more, this stock is a crapshoot.

bounced back alittle bit, curious to see if we close above $45 or $43s Friday.

All is see is the consensus all points to hold/buys with the worst price targets still above current prices.

Expired yesterday, sold 15 contracts at 8.50 bought back at alittle over 6. It was a nice gain for the the 2 days. Just felt MU always sells off after the earnings & the early week run up only confirmed it.

Yup, as an investor, I believe based on financial health & demand in the next decade that MU will be trading much more then recent highs. It may take a quarter or 8 that’s all lol

The market is all speculative, no one wants to sit on high dividends and safe companies. We live in a society where everyone wants to get rich quickly with little work. I

Took your word for it and sold some covered calls at $38, loving my decision now every bit!

Its more like either down $7 or up nothing, since traders have already run it up from $41-$47 this week. It's setting up as a sell the news kind of day tomorrow. Long term MU though.

I have this feeling it'll eventually channel up to $35 within 1 trading week. Question is, which week is that?