Further Downside is Likely!
$Micron Technology (MU.US)$ Don't try to catch a falling knife. My analysis indicates further downside, and it can slide to $90. I don't see any significant upside from this level, and it is not going to repeat the same upside again, at least for this year, but correction will continue.
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Greetings! As an avid investor, I actively manage a diverse portfolio spanning the dynamic landscapes of the stockmarket
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71221488 : would you sell and buy later after the drop ?
72993459 : hate to say but these are great buying opportunities right now if you think it's going to go to $90 good luck
72993459 : this is a scare tactic That Wall Street loves to use just saying but this is when you wait on the sidelines and you buy Micron will be $200 by the end of this year or the beginning of next years first quarter just get ready for the Shake Rattle and buy
72993459 : you can't go up forever you have to come back down to earth a little bit before you take off again where there is weakness there will be strength
Sikander KHAN OP 71221488 : I am not thinking about buying this expensive valuation. The company is good but not at this price, especially when my analysis indicates no significant upside, but the downside is likely. There are many stocks trading at the great valuation. I shall wait for my target, I am not in a hurry.
72993459 : you just have to wait for it
Sikander KHAN OP 72993459 : Best wishes dear, for me there are many great stocks trading at good valuation. I only invest when risk reward ratio is favorable, which is not with this stock at this price for me. I am here to make money, and there are many stocks. I am not a day trader. I don't hesitate to book profit and reinvest where there is a better valuation. Happy Investing!
72993459 : but if you are shorting this stock or at least trying to get it to a lower point, keep up the scary tactics. Us retail investors have no control Ike the big money does..
72993459 : this will be an expensive company for a while it's expensive for a reason it's basically the high-end memory chip that goes into the AI of almost anything it's only the beginning that's why you have to have conviction on the companies you buy especially if they're expensive and there are plenty of them out there but they do go up and up and up in their valuations will never go down until later down the road totally understand your strategic play of investing actually that is smart for long term way to invest everybody has their own game plan good luck