There are plenty to buy, confused which one buy and which one to cancel ! I just cancelled MU GTC (additional purchase) as I needed that money for something else
I still own high MU shares, my one day jump on MU is the top one (Highest amount) today. Whatever I cancelled is add-on shares. My biggest loss today is TEVA, but I never bother as it is loss on my gains.
Furthermore, if Samsung is right, a fundamental bottom might happen in Q1’19.
As such, Micron is on my top pick for 2019. On the one hand its stock is currently trading at a very depressed multiple, and on the other, if I am right, investors might get a multi-bagger return over the next 2-3 years.
As for my price target, I have a wild imagination and I could see $150 or more. But no matter how high Micron’s stock goes from current levels, what is important to understand is that it’s a dirt cheap stock, and it could go at least $60~$70 a share, even in the current risk off environment, and even if the market continues to correct.
“I think Nvidia is going to miss the quarter, alright?” Cramer said on Oct. 13 at TheStreet’s Boot Camp for Investors in New York. "I think that no one thinks they’re going to, [but] what happened is, I think [rival Advanced Micro Devices (AMD - Get Report) ] made too many chips. The channel’s filled with AMD chips … and AMD’s trying to take business away from Nvidia [by] charging less for the chips.”
“What do you do with it right now? If you didn’t own Nvidia, it’s too soon to start buying it,” Cramer said of the company’s stock, which he used to own for his charitable trust. “There will be two more quarters of inventory problems.”
“If you do own it, I think you need to recognize that it’ll be a long time before this thing can come back. So if you can wait it out, you might want to if only because Nvidia still remains a great company and eventually they will get it right,” he added. "Sadly, though, they made a serious misjudgment about the level of demand for their product. And for that, Nvidia’s in the penalty box for a very long time.”
IMHO, is a good buying opportunity to accumulate NVDA cheap for the long term. That is, increase investment from $7k+ to $50k by placing GTC buys Please note that NVDA pays a dividend. The lower the price, the higher the yield, DCA purchase!
The 2nd bold statement applies to FB too. Mark would get it right eventually. He is young plenty of time.