Told my brother about this one he got in at 40, out at 49 and back in at 42. It's a great stock.

We are just getting out of everything. Might start looking at oil or energy, no plan yet.

Nomura comes out today with $100 PT, much higher than anyone else, lifting the stock up over $3 today, almost $4 approx 7%. I think next highest PT, which was recent, is $76. Is approx 58.50 now. On CNBC, Cramer (who is a bit of a clown <-- editorial comment there) noted that the PE going from 5 to 10. I expect at near $11 annual eps. On 3-22 is earnings which pre-announced raising their prior estimates. They only guide a qtr at a time (frustrating) but I expect it to be outstanding, above $2.75.

Ha! Told you I couldn't pick peaks. Go MU.

Up 9.5% today and I'm up 37% overall. Going to try and do some more reading to see at what level I would add more. Entirely possible it is still undervalued.

Up again on another price target raise by analysts

Still green in a pretty weak market today. I'm watching in case it breaks its LOD 59.5, might signal some profit taking in the short term after a quick run up.

There was profit taking all around in this area. LRCX and AMAT were both down as well (I own these two, too). One analyst came out the other day with 100 PT and $13 eps in 2019. A trusted writer (individual investor) came out with his predictions for this qtr of $3.00. Seems rich to me given mgmt pre announced at beginning of Feb at a range of 2.71-2.75. I could see $2.85 as pricing was strong in Feb. Then if guidance is 3.00+, well then you got some huge cash flow which would put MU debt neutral during Q3 (this qtr ending May)

Analyst also noted that MU likely to begin shareholder return and will announce in May conference. With that said, if they do I think it is an announcement that they plan to begin in Q1 2019 (end 11-30-18). Would be another huge positive. If "this time its different" providing shareholder return (either via dividend or buyback) would infer credence to this. Since they offered shares last year to pay down some debt, I doubt they do a buyback.

MU is volatile and the overall market volatility is increasing. Chaos is increasing with tariffs and it is expected that Trump announces $60B of new tariffs on China regarding technology. But that is just headline now. Seems to get watered down when reality happens. This could change the overall positive economic backdrop that we have right now and at least partially undermine tax reductions that were implemented.

Assuming the above does not hurt the stock market and guidance comes in near $3.00+ and is higher than the preceding qtr, my PT is $80 and could rise substantially from there as MU continues to execute their strategy.