Micron Technology Inc
$0.23 (0.24%) Today
52 Week High
52 Week Low
7 Days Mentions
I would say patience. Had MU and was flipping it in the 50s. Had 1000 shares, and it went down to low 40s. Kept it for a few years.....now its up at 97. sold at a loss. I owned TSLA in the 200s pre split. Panic and sold at a loss. UNH I was flipping in the 30s. TTWO I was flipping in the teens.
AMAT had interest from institutional investors a while ago. I doubled my positions too but now it's gone up quite a bit and I'm not sure if it's a good entry. Same reason why I didn't buy MU, a bit late to the game. But I think it's a good company too.
Those were just some prominent examples. I've got TSM, AMAT, and MU too which have been doing well plus HIMX which also got reamed. My mining stocks (RIO and BHP) have been doing well in recent months, but are still waaay off their August highs. I also didn't just buy any of these stocks at their ATHs I'm just saying these stocks have been falling precipitously, its not just garbage companies falling right now. We're in a rotation to value/safety im addition to the overall decline but it's been pretty painful for anyone holding a decent amount of growth I'm their portfolios
I agree they're all good companies, but other than TGT they are companies with pretty aggressive p/e ratios. Microsoft at 37, NVDA was in the 80s, ASML in the 50s. Just because they're strong companies now doesn't mean buy at any valuation. Tech companies with better pe's have been ok. I have MU, AMAT and ASX, all of which have risen recently. It's the extended PE rations that are getting wacked right now. For the record though I do own a good bit of MSFT.
I just opened a position in HPE which is up 2.36% today. There are some good buys still out there. MU looks great at these numbers I'm thinking of buying some Oracle. With this climate right now, I'm looking at positive earning tech with not too crazy P/E's.
When your greatest/only threat as a company is a world war, you’re probably pretty well positioned lol Also, I’d consider trimming 1/3-1/2 of the position. There’s a chance this thing runs to 160+, but at the end of the day fab businesses grow pretty slowly since it takes so long to build additional facilities and if their pricing power starts to falter they’ll get Micron’d (see $MU from April - October of last year). Not to say $160 isn’t well possible, just a risky prospect. I’m in the process of rolling half the position I took in October further OTM and closer to expiration right now (owned 20 Jan 23 $110 Call) to take capital off the table and boost my returns if the stock keeps running. Could be a good move for you too, just an idea!
Doesn’t matter if you’re long on the stock. Here’s a way to make money if it goes down. YW AFRM \- Likely taking the trade right at open if theres no drop PM. \- If pm drop I’ll wait for a Potential bounce off of 77ish. then to resistance around 80. A bounce off that 80ish resistance is a good entry imo \- 75ish is a weak support imo. But I’d take some profits there/look at re-entry under 74. \- Break under 74 with strength and there’s no support till 62 \- IPOs have not established strong supports COIN \- Easy enough to watch BTC if it attempts to break the resistance PM \- Likely gonna open up under fibs. But 232 is a strong support. 230p if it breaks under there. \- Profit taking at $223ish , $218ish and a strong ride down if under \- You can always re-enter GME \- Holding 230p. Likely going to add right at open (under fibs / 9ma) \- Diamond top pattern rejecting all resistance levels \- Under Fivbs at open and it will probably dive through that very strong $126 resistance \- $120 is the target. Weak support imo. Under 120 and low 100s or under is likely. \- Notable $956K put sweep for 125p 1/22 exp. Under 125 will add lots of downward pressure. AMD \- Head and Shoulders reversal pattern almost formed up. \- 135p if it breaks under. \- $126ish take profits. \- Real support is around $120 MU – Watching – Great example of how a bear market can hit a stock. 2000 ATH buyers just finally made a $3 profit. Small Caps: \- If you have small cap stocks that have been beaten to shit for no reason. Check the Open Interest for January/Feb Calls for a big jump. \- Money taken from blue chips will funnel right into those now that MM has shorted it to bottom and bought back all the calls for pennies per share. \- Examples: Ride, WKHS, XERS, RKT, MILE, IDEX, MPLN, ect. \- Helps to be familiar with previous OI but all the above never had over 500 calls OI. Now they’re blocks of 4k-15k
If the valuations are concern, I’m buying MU, INTC. If interest rates are concerning, I’m buying banks. If fed selling bonds concerning, I’m buying some puts (short term 3-6 months to hedge). No matter what I’m buying something. I think this is tech revolution and entering new generation of technology.