Micron (MU)...Option out and sit tight

C

Cabin1111

I'm 68 1/2...It is hard for me to keep track of all my stocks and options.

A few of them, I ask myself...What is that company?? Then I remember and it makes sense.

I thought I had 100 shares of MU...It's 200.

100 shares are in my Roth IRA...They are optioned for the Oct 24 $100.

The other 100 is in our trust account...No option on that one.

I'll just sit tight on that one and see how it plays out...

The optioned one was back when MU was going nowhere...Trying to get out of China. I will have made good money if it gets called away...Good, not great.

Hindsight is always 20/20.

Having a company connected to Nvidia is cool. Don't know how it will play out...Or if the marriage will last...
 
68 1/2 going on 6 1/2. Lol what's with the fractional amount? hehe

Annnyway it seems anything chip related is going to the moon. GL.

Although on second thought up near 2021-2022 double top so hmmmm. Maybe yes, maybe no.
 
maxinger said:
Look at the chart.
The upside potential is rather limited.

Don't expect exponential/logarithmic movement.
More...

I dont think the current market looks at charts the way a seasoned trader does. I think the market is different ..from covid going forward. Its more like the Dot com market. Anything with chips and AI. EV and all of Cathy's stuff pushed aside for now. Hot money and fomo and at that jazz.

If it is like the Dot com market...look for it to run till Nov 2024. Go back and review how the 2000 election culminated into the Dot com blow off top. And also..April Fools day was brutal that year...fools and their money and all that
 
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