What's so good about Micron Technology (MU)?
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Micron Stock Is Worth a Look Again After Semiconductors Surge
https://investorplace.com/2021/11/micron-mu-stock-is-worth-a-look-again-after-semiconductors-surge
Looks like it's going to smash through the 50 day SMA. Support is around 61-66. Perhaps it was the introduction of a dividend.
https://www.nasdaq.com/press-release/micron-initiates-a-quarterly-cash-dividend-2021-08-02
https://investorplace.com/2021/11/micron-mu-stock-is-worth-a-look-again-after-semiconductors-surge
Looks like it's going to smash through the 50 day SMA. Support is around 61-66. Perhaps it was the introduction of a dividend.
https://www.nasdaq.com/press-release/micron-initiates-a-quarterly-cash-dividend-2021-08-02
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Nothing special about MU. Since Apr, has been a group laggard. May have "catch-up" potential, however.
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You know your stuff! Thank you.
Its traditionally a real dog. It trades like a gold miner -- it follows the commodity price for RAM and other memory chips. RAM prices have been falling since the summer -- its down to $50-$60 for a 16 Gb DDR4 RAM stick.
It might do well in the coming cycle if the new DDR5 RAM takes off. The latest Intel LGA1700 chipset supports both DDR4 & DDR5. I'm sure the next Xeon platform will support this so that could be worth a lot for them.
It might do well in the coming cycle if the new DDR5 RAM takes off. The latest Intel LGA1700 chipset supports both DDR4 & DDR5. I'm sure the next Xeon platform will support this so that could be worth a lot for them.
Well, I bought some Micron yesterday and optioned it today. I'll share my trade, then tell you why I am OK with it...Not really in love with it. This was in my Roth IRA.
Bought 100 share of MU at $76.92...Today I optioned the Sept 22 $80. I got $9.20 ($920.00) for the option.
As I have said before, I don't know where to put excess money. I could go down the list; market, bonds, CD, ect...Nothing looks good. I use to own Micron about 20-25 years ago. It really has not been on my radar...Chip companies being so high priced. Here is what sealed my buy...And again just 100 shares, with an option.
I was talking to my neighbor. He is Assyrian and was raised in Iraq. He was in the Iraqi Army for both Gulf War 1 and 2. Later, he became an interpreter for the US...Was able to move to the US in the 1990's. We started talking about Taiwan. He really believes the US/Australia will hand over Taiwan with out a fight. Yeah, there will be saber rattling, but in the end, the US WILL NOT go nuclear over Taiwan. When you think of computer chips, you think Taiwan. MU has a plant there. But MU is also spread out around the world with their plants.
Again, not totally in love with this company. But, the option money gives me a cushion for a drop in the stock price. If it gets call away...I am fine with that.
I did spend days chewing on the China/Taiwan situation...It was not on a whim. In the end, I am OK with the move. I did read what was on this thread, but it had no influence in the trades...
Bought 100 share of MU at $76.92...Today I optioned the Sept 22 $80. I got $9.20 ($920.00) for the option.
As I have said before, I don't know where to put excess money. I could go down the list; market, bonds, CD, ect...Nothing looks good. I use to own Micron about 20-25 years ago. It really has not been on my radar...Chip companies being so high priced. Here is what sealed my buy...And again just 100 shares, with an option.
I was talking to my neighbor. He is Assyrian and was raised in Iraq. He was in the Iraqi Army for both Gulf War 1 and 2. Later, he became an interpreter for the US...Was able to move to the US in the 1990's. We started talking about Taiwan. He really believes the US/Australia will hand over Taiwan with out a fight. Yeah, there will be saber rattling, but in the end, the US WILL NOT go nuclear over Taiwan. When you think of computer chips, you think Taiwan. MU has a plant there. But MU is also spread out around the world with their plants.
Again, not totally in love with this company. But, the option money gives me a cushion for a drop in the stock price. If it gets call away...I am fine with that.
I did spend days chewing on the China/Taiwan situation...It was not on a whim. In the end, I am OK with the move. I did read what was on this thread, but it had no influence in the trades...
Tech war: China says Micron chips pose ‘severe cybersecurity risks’, effectively banning the sale of its products
Che Pan in Beijing
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Published: 7:00am, 22 May, 2023
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China can probably make high-end memory chips.
Or they can get it from somewhere else.
- The US chip maker failed a cybersecurity review, making its products prohibited for sale to China’s critical information infrastructure operators
- The ruling will effectively erase a market that contributed about 11 per cent of Micron’s total revenue of US$30.8 billion in 2022
Che Pan in Beijing
+ FOLLOW
Published: 7:00am, 22 May, 2023
_________________________________________________________
China can probably make high-end memory chips.
Or they can get it from somewhere else.