micron trades at half of the price to earnings of what it did last year so if it has a multiple expansion to coincide with the revenue growth that they just gave the stock's a double that's how much upside there is in the stock over the next 12 months. that's why leave your profits in the company and let the management execute.
104664381 : Finally! I was trapped above 100 for so long!
10baggerbamm OP 104664381 : sometimes patience and time takes care of mistakes. I bought vertiv and $91 I road it down to 62 I didn't buy anymore I figured if it's going to work out it's going to work out and it's back over 100. this is why once you have a profit in a company leave the money in it and let the management do their job you're playing with the house is chips at that point. micron's been vindicated they just said their margins are going to be expanding this year that is the most important thing that means the revenues are growing their products are being received competition is non-existent and they can set their prices and people will buy. again it's half of the earnings multiple half of the PE of last year they just put in over a 90% earnings growth 90% revenue growth so you're talking about a doubling in the next 12 months of revenue the stock is 100% higher a year from today I mean you have to hold it at this point if you've been patient this long you're going to get rewarded if you sell it now you're starting all over again you got to find another company that's going to bust earnings wide open and knock the cover off the ball because that's what this quarter was for micron