$MU: Buy on dips, yearly uptrend active...

$MU is now cash positive, doing great progress in containing debt and investing in CAPEX. They have a significant advantage in the NAND space and are investing heavily in it. Very good valuation here, and trending up, an easy buy for the long term.

Cheers,

Ivan Labrie.

Comment:

Comment:

Support held, bad news still being absorbed by the buyers, as sellers unload for a couple more days.

Trade closed manually:

I'm taking profits here, rebuying on dips in 3 days or so.

Comment:

Haven't bought back after selling recently. My last buy back attempt was not too good, as technicals deteriorated, specially relative strength. Flash memory prices trending down still. Trading its toll on this stock and $WDC. both look promising and cheap but act a bit like commodities. Need to time the cycles.