The whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market.
MU, as a cyclical stock most of the time, also made an all time high on Wednesday.
The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12 times can create a huge rally for these names.
Of course, stocks won't suffer low P/E for no reasons; there are always skepticism for both MU and GM's business.
I'm not really that optimistic to say that they are going to make a REAL turnaround here, but a limited risk set-up to long to take part in the potential continuation is still a solid idea.
MU, as a cyclical stock most of the time, also made an all time high on Wednesday.
The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12 times can create a huge rally for these names.
Of course, stocks won't suffer low P/E for no reasons; there are always skepticism for both MU and GM's business.
I'm not really that optimistic to say that they are going to make a REAL turnaround here, but a limited risk set-up to long to take part in the potential continuation is still a solid idea.
Comment:
opened below 39, this trade canceled!
Comment:
like BA , no trade but good idea~