MU Apparently, Cramer turned bullish on MU a day before it peaked. Using him as a contrarian indicator worked again. From his March 12th commentary:
"I've been telling you that something like this was on the horizon," Cramer said. "Micron's the backbone of everything from the personal computer, which has gotten a second wind, to the data center, which is the strongest part of the entire food chain."
Many market-watchers thought Micron was approaching the "bust" part of its boom-bust cycle. Because DRAM and flash memory chips are so easily replicated, they worried that the market would become over-saturated.
"But Micron's been adamant that this time is different, that their chips are now more specialized and proprietary, harder to make," Cramer said. "However, as I say often, ... the graybeards simply refuse to believe that anything can ever be different."
"In the case of Micron, it turns out that this time it is different," he quipped.
Not only are Micron's chips not being replicated, but they are in short supply, Cramer said. With personal computers selling again and data centers becoming increasingly essential to business, chips are needed more than ever, he said.
....
Cramer then went on to recommend INTC, another chip maker,. which has been flat since then.
I wonder if Cramer has turned negative on MU again? That could be a signal to Buy, buy, buy, lol