Micron surges on better-than-expected 1st quarter results driven by resilient demand trends and improving DRAM pricing || CityFALCON
Today we're seeing the beginning of the turn toward recovery. After issuing guidance well above expectations, Micron is on the move. I'm ready to take full advantage of this momentum going into next year. I see Micron at $35 a year from now due to continued earnings deliverance as DRAM demand and price increases.
Mu beats ER significantly. Thought about playing ER but figured I already had exposure by holding amd and Nvidia
The IV is too high for me to pick up MU calls, thus I picked up some AMD MAR 31 $14 calls right before the bell in hope of the good ER from MU.
At $29, appears the cause is used up. Expecting consolidation....either a re-accumulation or a distribution trading range from here. Posted this chart back in November @ $19. $0.50-box by 3-box-reversal:
Shares of Micron ($MU) are moving sharply higher in pre-market trading after the chip maker reported better than expected second quarter earnings and provided upbeat guidance.
Yeah, and I did not board this rocket ship. I suppose it will take this awhile to build more cause for another significant move. I should've listened to you but my problem is I get busy at work and then miss the entry points. Let's find another one.