There can't be much more bad news to come, Risking a long.Seems like Analysts have been tripping over one another to downgrade Micron for the past year, at this stage we don't take notice as these are they same analyst who had $80 targets when the trade war had already started. The world of trade has changed greatly but to be selling at such a p/e ratio is ridiculous, the need for their product is not going to disappear, so we think this is a great long term investment at the current level. As earnings approach next week, option traders are split and implied volatility is at 12% which is quite normal for MU. We will be taking a long into earnings.
