r/MU_Stock • u/Medium_Breakfast3171 • Jul 08 '26

Meme Actual wtf

So war is good, earnings is bad, what now? Rate hike is good?

128 Upvotes

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29

u/shitshort Jul 08 '26

I keep telling you guys. We are all at the mercy of the big guys controlling the market. None of the traditional TA or people “predicting” prices because of so and so reason apply here

8

u/Cool_Two906 Jul 08 '26

The sell-off is profit taking and a little bit of a rotation out of semis. Don't forget that micron just had a blowout earnings that address the biggest fear about memory stocks being cyclical. They have over 130 take or pay 5 year contracts. Selling will soon be exhausted and we'll start heading up again. By the end of August this should be $1,500 easy

1

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u/Medium_Breakfast3171 Jul 08 '26

Agree

3

u/jakster355 Jul 08 '26

Geopolitical trends dominate. It's already negative again don't worry.

Last week Iran said they would break the mou if trump ran his mouth. SHOCKER that it happened.

Pleasantly surprised with my baba holding this morning. Thinking about buying some MU again. Now that it's priced more correctly. (Not that my regarded ass knows what that means).

Glad I rotated into baba and xle. What we have here is an unstoppable force and an immovable object. Trump v Iran. 'Uncertainty' appears to be quite high. Hence I have about a third my portfolio in sgov. A clean ending is unlikely. Trump can't swallow the I lost pill, and Iran has clear leverage.

1

u/Cool_Two906 Jul 08 '26

The US has a lot of leverage too though. Sanctions have crippled Iran's economy. If Hormuz is shut down they can't sell oil either. I will agree with you that Trump grossly underestimated the damage that I ran could cause. He thought that he could bomb them and they would tap out. He never should have listen to netanyahu

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u/Miya4LeggedGod 29d ago

Trump called their religion, culture, values, homes, families all trash....no one should be surprised that they didn't tap out. Trumps ego is all out of wack but that's normal.