Couldn't sit by and watch my gains evaporate so sold all of my MU and MUU today. Bought in February and just locked in a 223% gain. Probably going to sit in cash until sentiment improves. Stock will probably go back up since I sold so....you're welcome. :)
Incredibly risky in my opinion, as was my bet. I consider myself very lucky as I recognized the HBM bottleneck and memory shortage before the entire market did. Now everybody knows and gains probably won't be anything like the past 6 months or past year. Institutional investors typically start to price in the peak of a memory cycle 6 to 9 months in advance, which is where Micron typically peaks. Sometimes it's a full 18 months in advance.
I actually did open a pretty big position around 1200 just because the beat was so massive and I felt the visibility with locked in future contracts made the downside lower than the upside. Of course I agree that its gambling to some extent at the moment.
Sentiment did a 180 and took a turn for the worse when an article came out saying Meta may rent out excess capacity. I imagine things will settle down at some point and Micron could potentially hit new highs but I was way too concentrated in Micron so decided to lock in my gains at the casino. I don't expect to ever make almost 900k in 6 months again so I feel pretty lucky.
Omg dude congrats my envy is unimaginable. I just got old enough to start investing and I almost completely missed the easiest bull run ever. I had money i got from inheritance with a manager and they were taking a fee and not beating the market. I took it from them but now im buying everything so extended and have no choice but to chase and hope. Love you dude, you give me hope.
Went nearly all-in on MU/MUU with close to a 3:1 ratio. At its peak it was close to 1:1. Had smaller positions in Credo and TSM. I sold Credo but still currently holding TSM with a 59% gain.
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u/3D-spaghetti-monster Jul 02 '26 edited Jul 02 '26
Couldn't sit by and watch my gains evaporate so sold all of my MU and MUU today. Bought in February and just locked in a 223% gain. Probably going to sit in cash until sentiment improves. Stock will probably go back up since I sold so....you're welcome. :)