Anyone else trading Micron Tech?

[MarathonMike]

Look at the after hours price it's dropped to near 58.

 

[william the wie]

not me, the creative bookkeeping in tech stocks are in the dotcom zone of the 90s. If the contribution Margin of the average tech stock were priced at the same multiplier of other retailers NASDAQ would drop by 50% or more.

 

[MarathonMike]

Fair enough, but the enormous share volume is making Micron a very lucrative trading stock. Beyond that I agree that it is pricey, but this market seems to be picking favorites and over-rewarding them, like I don't know Amazon for instance?

 

[Marion Morrison]

Micron sounds familiar. I think their heyday was 2009?

Samsung would be a better bet.

 

[MarathonMike]

Samsung? They make good stuff but I stay away from OTC stocks.

 

[william the wie]

There is a flight to safety going on, I am net up today. I think pulling in your horns might be a good idea.

 

[MarathonMike]

I haven't traded MU in the last two days, too close to earnings which come out today. With the big selloff this morning, there may be some good buys setting up out there.

 

[william the wie]

Be afraid. Be very afraid. Polling data for the Ds plus their agenda is scaring everyone.

 

[MarathonMike]

Whoa! I guess the earnings report wasn't too great. Trading below 54 in after hours.

 

[william the wie]

Yeah tech is wildly overpriced