gingertrader

MU Long until October

לונג
NASDAQ:MU   Micron Technology
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.
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