Micron should be double bottoming here and correction likely over. But then it is Micron with a big hammer from all over and the negativity like Memory cyclic top/China trade war etc.
I'm long is MU what is your target? Do you think it will trade back in the $50's? thank you in advance for your comments.
simbha
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@DonnaSko, If you can hold for 6 months you will see 100% returns are very much possible on this stock. Big move is likely to come with a target of 75+ . However, we see lots of noise and distortion in the next 6 months. One should have patience, just like in biotech stocks. But Micron is a big cap with huge market share and cash generation. I am loading it slowly. Good Luck!
DonnaSko
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@simbha, Thank you. I appreciate the help on this one. I bought way too high and am thinking it may come back. Thanks again. Trade safe.