Micron Technology (MU)

[JLS]

Based on CCI(10), no doubt.

That's fine for your trading method. No complaints from me.

Not for my method, though. Your method is to always trade MU based on a specific pre-defined (mostly, if not totally, invariant) technical signal.

My method is to adapt the method to the market conditions and the stock conditions. That is still technical, but it is adaptive.

Under current conditions for MU, I think the payoff is better to hold the stock and trade around it using options judiciously (showing good judgement with a method in mind). That's accomplished while still holding the stock by selling Calls at the appropriate time and strike and expiration. That brings in extra cash while a stock is trading lower. If assigned, that's the opportunity to buy back cheaper, and I will do that.

One way to buy back cheaper is to wait for price to turn within a channel then go whole-hog back in. For a stock which I have fundamental business reasons to have faith in, that's what I will do. Another way is to wait for a reasonable correction within the channel, then sell Puts and take your chances. That is not my preference, but I have done that at times. Why gamble? Just buy back with conviction or wait till there is conviction.