Micron Technology (MU)

[stockstranger]

The shorts don't know the story, and only will figure it out when earnings start to hit. All they see is "It's up 250%!!!" so it has to be a short candidate. Well, enjoy the fact that they keep coiling the spring, and if you are long, you'll enjoy when it pops.

Earnings on January 7th may or may not pop it, because there will still be some leftover accounting for inventory due to the Elpida acquisition. But people who have done the math the best that they can show that MU could very well produce 3.50 in earnings in 2014. So, $22/3.50 = a current PE of 6.3. EASILY double the price to get to a still CHEAP PE of 12.6. That is what the shorts don't get, but the big hedgies do. The shorts are blinded by the rear view mirror and the $250% rise.