squeezing a little more out of MU then dumping it.
The problem is I haven't figured out how to squeeze it.
A thought I've been toying with is that the CEO of MU delayed buying back shares till September. Could there be a reason for that? Knowledge by the CEO that the market for MU after September earnings release might not be so good, so he wants to help investors out till things get better? Think about it.
Even when MU earnings are good, it rarely shows a serious positive reaction after earnings.
An MU declining channel is shown below. After being established it has been tested multiple times and upward breakout has failed every time. Should this earnings report next week be any different?
Been trading AMD for several months. It has the opposite problem: the frickin' thing is filled with helium ... kinda makes me giggle!
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