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re: Micron Technology Inc (MU)

Posted on 5/21/18 at 6:43 pm to
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 5/21/18 at 6:43 pm to
And announced a buyback after hours. Hell yeah
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 5/21/18 at 8:13 pm to
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 5/22/18 at 8:58 am to
Want to take some profits but I think I'm going to ride this thing
Posted by GingerMerkin
Member since Oct 2012
811 posts
Posted on 5/22/18 at 10:12 am to
So can I buy this thing now or too late?
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 5/22/18 at 11:21 am to
I would be fine with buying now. Still undervalued in my opinion. Market is pricing like there will be a big hit to pricing in the near future. The $10 bil buyback tells me management is confident that is not the case. I’m holding on for a long term value play, this will be 80-100 in a year. You can read some recent seeming alpha articles that have more specific numbers on the current valuation even after this run up in the last week.
Posted by Pendulum
Member since Jan 2009
7047 posts
Posted on 5/22/18 at 1:40 pm to
I thought I had f'd up when I jumped in at 60 before earnings; but I sat on em on, thankful I did!
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 5/29/18 at 8:50 am to
Well hello hello!
Posted by Jag_Warrior
Virginia
Member since May 2015
4098 posts
Posted on 5/29/18 at 12:39 pm to
quote:

I'm at 80 with a $57 average.


He’s disappeared, but I wonder if he stuck with MU?

The weekly short puts have been like an ATM thus far.
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 5/30/18 at 10:17 am to
Still moving
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 5/31/18 at 3:30 pm to
Spoke too soon. Still can’t believe how cheap this stock is.
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 5/31/18 at 7:24 pm to
Analysts
They speak, people panic
This post was edited on 5/31/18 at 7:25 pm
Posted by Who_Dat_Tiger
Member since Nov 2015
17444 posts
Posted on 6/5/18 at 9:40 am to
I had been planning to hold MU til $65 and a week ago it topped out around $64.50 and is down 7% since then
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 6/5/18 at 10:31 am to
It'll get there
Posted by Jag_Warrior
Virginia
Member since May 2015
4098 posts
Posted on 6/5/18 at 11:36 am to
I sold some $60 weekly puts and got caught in that nasty downdraft too. Now I’m short $61 covered calls. As long as I can close out the long stock position before the June 20 earnings call, I’ll still be happy with these trades. It’s recovered nicely. The non-FAANG techs have rallied well.

Is anyone placing a long or short bet on MU (options or the stock) leading into the earnings announcement?
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 6/5/18 at 12:49 pm to
$MU is on my trading list (in spite of lack of dividends)

jmo.. but the strongest support is at $48....and there is only weak resistance @~60.

not enough profit potential selling puts under $48 to be worth with risk for me.

since this stock is favorite of the r/wallstreetbetscrowd...is pretty simple to fade.
...just do a volatility play before the earnings announcement (sell..a few weeks ago...and then buy back 10-15 minutes for close before announcement)
Posted by Jag_Warrior
Virginia
Member since May 2015
4098 posts
Posted on 6/8/18 at 11:44 am to
Impressive price action in MU on a sideways to down day in the NASDAQ. Now I'd just like to see MU end the day at $60.99... cause I'm a greedy bastage.
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 6/20/18 at 5:17 pm to
Bump
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 6/20/18 at 5:39 pm to
Great earnings
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 6/21/18 at 8:40 am to
They are going to be buying about 1/6 of their outstanding shares.
Posted by S1C EM
Athens, GA
Member since Nov 2007
11585 posts
Posted on 7/3/18 at 12:34 pm to
Got hit with an injunction by a Chinese court for patent infringement. Might be worth watching as it may hit another good buy-in point shortly.
This post was edited on 7/3/18 at 1:26 pm
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