MU has been victim of analysts and Cramer all saying, "Yes MU is rolling in money but this has happened before and will be very temporary, look we can already see the end coming". I feel like today's investor conference was all we needed to hear. The end is not coming, this is no longer cyclical, and unless something drastic changes. MU is making money as fast as they can physically print chips and the market will only grow. Sure, supply will adjust, new production centers will open, but not anytime soon. I'm going to ride this wave of glory up to $80, see ya in October.
An Update: I have even more confidence in this prediction playing out after today's candle. Assuming there are no random downgrades, this puppy should fly into earnings just like it did last time.
alon_tv
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Nice breakdown of events.
Any thoughts on the odds of Rhino's Bear Cypher playing out before earnings?
Perhaps a 51 downside to fill gaps before pushing up into earnings?
gingerheadtrader
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@jtVentures, After today I don't see that being possible. This is Gingertrader BTW> I posted that analysis on my dummy account by mistake.