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.
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.
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.
Excitement building towards earnings on Mar 22.
Position too small.
Position too small.
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.
Whatever you are doing right now, just multiply by 10x. That should be your initial money down.
Under pressure from you guys, have already increased gamble from $500-$2000 to $3k
You guys don’t let up on me
That’s an interesting trade. I like it.
You don’t think micron can get to 65 next week? Why not go naked?
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
That’s an interesting trade.
72% chance of successful, pretty good odds
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?