Micro could reach 160
I think this is a great entry point. This cycle is either going to be a huge cycle, or it's going to be a weird cycle.
$Micron Technology(MU.US$ Stock prices usually peak before EPS, and TTM P/E is around 11-15. TTM PE is still negative at the moment, so I don't think this is the peak, but no one knows.
The shift may have been caused by people entering the cycle early and trying to get out before the hammer falls.
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yurisa0309 : Isn't that a $200 mistake?
