Micron’s forward PE is 6, trailing is 8. I don’t get what the author means optimism not reflected in earnings estimates. Share is depressed because people still cringed to the old idea of DRAM being a commodity.
2 Likes
Micron Stock Breaks Out but Could See Near-Term Consolidation
Traders should watch for some consolidation between trendline support at $50.00 and R2 resistance at $57.20 over the coming week. A breakout from R2 resistance could lead to fresh multi-year highs, while a breakdown below trendline support could lead to a move down to the pivot point at $45.26.
1 Like
I missed MU great time, when I identified low around 40s, but got it late.
How do you or others feel about KR (Krogers) fallen down now.
I have got DLTR, but KR still thinking.
BTW: thanks @jane, I got some MTCH too (test drive).
Jane or Lulu? Are you looking for a new soul mate?
Too fast for my verticals and calendars to make much money… yes, manch, I don’t follow my own advice. If I have bought as naked calls, 150-200% in just under 2 days. Luckily I do have 10 Jul calls that have more than 200% gain.
I like that chart. Definitely says buy from a technical perspective.
1 Like
Excitement building towards earnings on Mar 22.
Position too small.
1 Like
How big do you want me to gamble?
Make $5000 per week = $260k per year… higher than a fresh grad working in Google 
Equivalent to holding $5.2 million worth of rental with cap rate of 5% 
Whatever you are doing right now, just multiply by 10x. That should be your initial money down.
1 Like
Under pressure from you guys, have already increased gamble from $500-$2000 to $3k 
You guys don’t let up on me 
1 Like
That’s an interesting trade. I like it.
You don’t think micron can get to 65 next week? Why not go naked?
That’s extra If it gets near to $65 before earning, would close the calendar for lesser profit.
Holding 10 Jul calls 
which is really too few 
Good for bragging in % term, 200+% gain
72% chance of successful, pretty good odds
1 Like
Luke Lango said Buy Micron Technology, Inc. Stock on this Dip, But Don’t Hold It Forever. His fair value for MU in 2018 is $50 and in 2019 is $68. If what he said is true, I won’t sell till it passes $65, 36% gain in a year is very good appreciation. Btw, MU closed at $60.58 last Friday, guess is time to close all position? Definitely closed all short term position, what about the 10 Jul calls?