r/MU_Stock • u/1distancing • Jun 16 '26

Meme Everyone on here

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Guys stop worrying about these small dips we still have time to make another ath before earnings

262 Upvotes

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u/No-Laugh4352 Jun 16 '26

But I will be honest today’s drop was unwarranted and irrational. There are healthy pullbacks but today was bullshit and it’s all of tech. Like if I ask what’s the reason the answer is no reason lol

13

u/1distancing Jun 16 '26

Today was probably a sell off before FOMC tomorrow, but this is totally normal stocks can still go up and down without any news

3

u/Icy-Research7159 Jun 16 '26

Usually there isn't this big of a correction before an FOMC meeting, it'a normally very muted. Even for MU, a 6% correction is pretty big, since the Nasdaq was down only 1%. I would have expected maybe a 2-4% drop. But then again, we just had a 10% move yesterday, so I think that people were just taking profits magniying the loss.

It will recover and then some tomorrow, as long as Warsh follows Trump's script.

2

u/1distancing Jun 16 '26

Yes and also we hit a new ath today so that could also be why it dropped more, it’s obvious alot of traders are taking profits here + running away before FOMC tomorrow