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Wednesday, October 17, 2018 11:40:23 AM
MU is a semiconductor memory stock (and nothing more) and that has the stigma of being a cyclical business, so its stock price goes through wild gyrations as investors try to account for the memory cycles.
Historically, during those memory cycles, memory companies would swing between periods of large profits and periods of large losses as the memory companies competed with each other within that cyclical market.
Most people who invest in memory companies are hesitant to start believing that it is going to be different now or in the future.
I have never called a "perfect trade" for MU. If I had I would have sold all my shares when MU was trading over $60. I didn't. I sold it at just below $44 in early September.
MU might start going flat here as there is plenty of support at this level during the 3+ month period of late 2017 and early 2018.
But MU has stated that they expect the next quarter to also be flat to down slightly; and they'll spend more on expansion so that will affect earnings a small amount; so after another so-so earnings report, MU could conceivably trade down to $30 during the first part of 2019. At that point I'll consider going back into MU.
Investing rule #1: the trend continues until it doesn't.
MU is in a downward trending channel.
Investing rule #2: don't forget Rule #1.
Recent MU News
- Micron to Report Fiscal Fourth Quarter and Full-Year 2024 Financial Results on September 25, 2024 • GlobeNewswire Inc. • 08/28/2024 08:01:00 PM
- Google Mandated to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 10:31:17 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 12:45:51 PM
- Micron Develops Industry’s First PCIe Gen6 Data Center SSD for Ecosystem Enablement • GlobeNewswire Inc. • 08/05/2024 01:03:00 PM
- Micron Technology Announces Upcoming Investor Events • GlobeNewswire Inc. • 08/01/2024 08:01:00 PM
- Micron Announces Volume Production of Ninth-Generation NAND Flash Technology • GlobeNewswire Inc. • 07/30/2024 01:03:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 10:29:44 PM
- Micron Introduces the World’s Fastest Data Center SSD • GlobeNewswire Inc. • 07/23/2024 01:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 08:05:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:06:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:05:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:04:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:04:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:03:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:03:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:02:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:01:27 PM
- U.S. Stocks Close On Mixed Note; Dow Rises To New High, Nasdaq Tumbles • IH Market News • 07/17/2024 08:41:00 PM
- Micron Unveils Industry’s Fastest 2230 Gen4 Consumer SSD, the Crucial P310, to Accelerate Handheld Gaming, Ultrathin Laptops and Mini PCs • GlobeNewswire Inc. • 07/17/2024 01:00:00 PM
- Micron MRDIMM Innovations Deliver Highest Performance and Lowest Latency Main Memory to Accelerate Data Center Workloads • GlobeNewswire Inc. • 07/16/2024 01:02:00 PM
- Ericsson Reports 14% Profit Increase, UBS Downgrades Tesla Shares, Ozempic Linked to Reduced Dementia Risk • IH Market News • 07/12/2024 10:28:11 AM
- Inflation Data In Line With Estimates May Generate Early Buying Interest • IH Market News • 06/28/2024 01:05:57 PM
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM
UC Asset announces plan of management stock buyback • UCASU • Sep 3, 2024 9:00 AM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
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ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM