Micron Technology (MU)

[JLS]

HMONNY, I mostly agree with you.

I don't know if a 100-fold number is a good choice but I know there will be huge growth in the need for memory.

The problem is that there is a huge stigma (a mark of disgrace) attached to memory-only companies which developed over a period of many years as those companies went through seemingly endless memory demand and pricing cycles; and therefore profit/loss cycles.

Granted it will be very different this time for MU as they will almost certainly remain very profitable during the coming flat or low spots in the cycles (whereas they lost money during prior dips in the memory cycles).

But most investors don't understand any of that, so they will continue to act like prehistoric apes and follow their gut feelings and dump shares when it feels like the memory market is slowing.

You cannot fight that. You have to accept that. When you choose to invest with a lot of apes, you have to follow their rules because they set the price. Trade the chart, not your heart.