Paul...
I am on my third trip on some of my MU short, which started the last time it got above 15. I take profits on half the position then reload when it climbs back up. I got some just under 14 a few days ago (back to a full position) and want to add to that position.
I agree with you -- the stock is a sure candidate for single digits (assuming AG is not successful), with a chance for bankruptcy reorganization if we go back into recession as I expect. There are few sectors of the techs where overcapacity is so great and the idea that MU can sustain any profits or pricing power is ludicrous, in my opinion. I am thinking in terms of their survival, not making profits.
Good luck to you.
mlsoft
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