RyanDreBach

MU to drop to $30 before next supercycle

NASDAQ:MU   MICRON TECHNOLOGY INC
As the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock through bullish sentiment in the near term as they'd likely want to obtain the cheapest shares possible before the next super cycle. I suspect this super cycle to occur within the next year as the chart indicates and perhaps pump MU's share price to the $85 area.
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