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Started By
Message
re: Micron Technology Inc (MU)
Posted on 3/29/18 at 10:05 am to YoungManOldMan
Posted on 3/29/18 at 10:05 am to YoungManOldMan
This is typical price action for MU. I don't trade but if I did I would have sold once it hit $60 knowing I could but back in at a lower price while booking some profit. Rinse repeat.
0
Posted on 3/29/18 at 10:07 am to YoungManOldMan
For whatever it's worth, Zack's and Stock Invest still have it as a buy...I don't own much, but I'm planning on holding what I have for the long term.
Posted on 3/29/18 at 10:14 am to YoungManOldMan
quote:
Seems like a dog with fleas but I'm holding steady and having faith. Will this thing see the 40s at this point?
Def not a dog with fleas. got overbought then tech selloff.. unless I'm missing something here, I think its a great buy at 4.5 forward P/E, lots of bullish flows in also.
Posted on 4/2/18 at 10:16 am to b-rab2
Down $2 bucks, chuck. I’m so far down in the hole with this stock on just $75 shares. How this thing is still dropping is just jaw dropping. It’s got good demand. Good financials. I think it’s headed to the 40s.
Posted on 4/2/18 at 10:41 am to YoungManOldMan
I think I speak for the entire board when I say you need to put your money in a CD and quit trading already.
Posted on 4/2/18 at 10:56 am to stout
I think I speak for the entire board when I say go suck a dick you pompous a-hole.
Posted on 4/2/18 at 11:10 am to YoungManOldMan
We have told you time and time again MU will be fine long term but you keep trying to swing trade looking for homeruns and get pissed when it bites you in the arse then we have to listen to you cry across any market discussion thread about the $100 you are down. I say down because you keep saying lost but no gains or losses are realized until you sell. You can't even grasp that simple fact and panic.
I even told you what would happen with MU earnings a few days before it actually happened yet you keep trying to time the market. It's been obvious for a while now we are entering correction territory yet you insist on playing the volatility and cry about it when you frick it up.
Don't get mad at me because you can't take solid advice that has been give to you here and you lack in doing your own due diligence.
I even told you what would happen with MU earnings a few days before it actually happened yet you keep trying to time the market. It's been obvious for a while now we are entering correction territory yet you insist on playing the volatility and cry about it when you frick it up.
Don't get mad at me because you can't take solid advice that has been give to you here and you lack in doing your own due diligence.
This post was edited on 4/2/18 at 11:23 am
Posted on 4/3/18 at 1:44 pm to YoungManOldMan
quote:
Down $2 bucks, chuck. I’m so far down in the hole with this stock on just $75 shares. How this thing is still dropping is just jaw dropping. It’s got good demand. Good financials. I think it’s headed to the 40s.
i'm thinking is a little dangerous to short MU right now (maybe right after earnings)
the last consolidation lasted almost 3 months...this time...as far as i know no one is dumping stock on the market (like over the winter)
id be looking for a breakout if this thing gets above 52.3 or so
This post was edited on 4/3/18 at 1:46 pm
Posted on 4/4/18 at 4:06 pm to YoungManOldMan
quote:
I think I speak for the entire board when I say go suck a dick you pompous a-hole.
if you could not speak for me I'd appreciate
Posted on 4/4/18 at 7:15 pm to gazelles
Any sensible reasons to the ridiculously low PEs? It carries a lower PE than Ford..
Posted on 4/4/18 at 7:18 pm to YoungManOldMan
quote:
Down $2 bucks, chuck. I’m so far down in the hole with this stock on just $75 shares. How this thing is still dropping is just jaw dropping. It’s got good demand. Good financials. I think it’s headed to the 40s.
Something I'm curious about, that I hope you know... is this a short term trade or a long term investment for you?
Have you developed a set of rules to guide you yet? What I mean is, let's say a trade drops 5%. Is that a sell point for you? Let's say an investment drops 10%. Is that a sell point within your rule set? You can be a technical trader, a fundamental investor or both. You can follow the IBD philosophy about buying and selling, or develop something else that works for you. But whatever you want to be, you really do need to come to grips with a set of rules and principles to guide you for buying, holding AND selling, IMO. If not, you'll be whipsawed by your emotions. And whatever you do, don't let a trade turn into an "investment " just because you can't admit that you struck out on something. Nobody is right all the time, ya know?
Posted on 4/4/18 at 7:53 pm to LSUcam7
Cyclicality of revenues for memory. Typically what most people attribute it to.
Posted on 4/4/18 at 9:54 pm to wutangfinancial
But the valuations are obscenely low for a stock in that space. Low valuation, low debt to cash, +30% profit margins... the market is pricing it for a shitstorm.
Posted on 4/4/18 at 10:56 pm to Jag_Warrior
This one I’m going to ride out. I’ve averaged down to about $55.19 for 129 shares. I’m holding this until $75 a share then reevaluating. If the target prices have continually raised, I may continue to hold. Right now everyone seems to be consistent between $65-80, with a few outliers.
Of course, maybe it continues to gain market share and it’s NVDA in 18 months. Hell if I know. I’m just in for the ride.
Of course, maybe it continues to gain market share and it’s NVDA in 18 months. Hell if I know. I’m just in for the ride.
Posted on 4/5/18 at 9:33 am to YoungManOldMan
Posted on 4/5/18 at 10:17 am to YoungManOldMan
Good. More soup for me.
Posted on 4/5/18 at 12:43 pm to wutangfinancial
Ehh. I don't know. I think people are panicking now.
Posted on 4/5/18 at 1:17 pm to YoungManOldMan
Just you
Posted on 4/5/18 at 3:13 pm to YoungManOldMan
quote:
Ehh. I don't know. I think people are panicking now.
I feel like this is a buy....
Posted on 4/5/18 at 3:49 pm to S1C EM
No. Sell when everybody is panicking. #1 rule of investing.
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