Hi, guys.
I just want to discuss Micron, and predictions for August 2027 after our rough month in July.
As many of you are aware, Micron closed down on Friday after a massive rally on Thursday, crashing the price back down to $820 or so to end July. And end-of-month sell off was expected.
Friday also saw South Korean memory stocks rise about 30%, with the Fab Four going strong Pre-Market until Wall Street opened.
I expect Monday 3rd to open Red in South Korea, with a sell-off after the NASDAQ memory stocks were sold-off Friday, as South Korea are still, IMO, in a high state of fear.
This sell-off on SK will likely create a viscous cycle and add to any sell-off of Memory stocks on Monday.
Tuesday and Wednesday we have the last three (3) Earnings Reports: (a) AMD [Tuesday]. (b) Sandisk and Western Digital [Wednesday].
So, I don’t expect too much increase in Micron price until Thursday morning, mimicking the week prior. Friday may or may not see another sell off.
My price prediction for Micon is it will reach $1300 by the end of the year, possibly more. But once Micron shakes off the false market sentiment, it will sky-rocket up to $2000 and beyond.
Who else is bullish on Micron, and what is your take?