$MU it is so oversold right now and the shorts are in charge but their time is running out and it will reverse soon. It almost got to 116 after dropping 3 at the open a reversal of 5 which show market manipulation but soon its upward momentum will not be stopped and it will return to the 120s.
Sit tight and accumulate with each dip to DCA your holdings. I sense the bigger traders are scaring off the retail investors to scoop up shares dirt cheap. Don't fall for it and the ask price will start rising fast like it did earlier today but then people panicked and profit takers scared them off again.
Bullish
Very weird, I bought $AAL$MKSI ATH on the Fed's shock. I also bought BACK $MU after buying it at 100.50$ getting stopped out at 109$ used that money to buy puts, used that money to back back in at 89.60$ lol, wild day with MU. I also bought another 100 shares of $GOOGL at 188.40$ added another 100 shares of $DELL at 112.67$ continued to accumulate $DAVE adding 50 shares at 89.63$ continued adding to $GCT 100 shares at 18.35$. I tried to add $pgy at low 9$ but got up off the floor to fast and I'm already avg at 9.59 a share, tried to get $HPE but order is still open doubt i get it at my bid. Glad I was holding cash back (I think the market is overdue for a slap up side the head, small correction, keep those stops tight!)
Bullish
I have to agree. #Micron is getting some bad press because of China banning them as a result of the #tradewar. But that accounts for only 1% of $MU's profits. That makes Micron a tremendous buy opportunity. Learn more from the company's recent Investor & Analyst event:
Hi Mish, I'm a fan but I think this is a misleading headline. China did not ban all #Micron chips. Only what amounts to a small percentage of their profits. $MU
Micron Technology Stock Collapsed Week-Ending July 18th: Here's Why
What Stocks Should You Buy In 2025?
Looking For The Right Time To Buy Micron
Good read. I think a lot of the negative hype surrounding $MU and the #tradewar ware overblown. China makes up a tiny fraction of #Micron's revenue.
5 Semiconductors: Value Stocks Or Traps?
I thought the reason Micron is "dirt cheap" is because of the talks that China may ban them. Wouldn't buying $MU be very risky?
Tech Stocks: More Risk For Earnings Season?
I had read somewhere here that #Micron's actual sales in China were miniscule and not likely to impact the $MU much. Is that true?
Micron Technology - Extremely Cyclical And Hard To Predict
I have to agree. #Micron is getting some bad press because of China banning them as a result of the #tradewar. But that accounts for only 1% of $MU's profits. That makes Micron a tremendous buy opportunity. Learn more from the company's recent Investor & Analyst event:
files.shareholder.com/.../...ck_Corrected_5-26.PDF
Micron Slides As Peer Gets Downgraded, Morgan Stanley Voices Tariff Concerns
Here we go again with market geniuses undermining a $MU valuation on speculative theories and biased opinions.
"It's Time To Get Defensive": Morgan Stanley Downgrades Tech Stocks To Sell
Scary! You should add #Micron to the list. China just banned their chips in retaliation for #Trump's #tariffs. Half of $MU's sales are to China:
www.talkmarkets.com/.../china-bans-micron-chips-trade-war-accelerates
China Bans Micron Chips: Trade War Accelerates
Hi Mish, I'm a fan but I think this is a misleading headline. China did not ban all #Micron chips. Only what amounts to a small percentage of their profits. $MU
Ignore Apple Inc., Here Is The Secret To Imitating David Einhorn
People like Einhorm are likely the reason behind Micron's erratic behavior. He sees value in $MU and has the muscle to game it.