A New Cycle Appears to be forming for Micron
I have drawn in a nice simple envelope to show the general direction of the stock price for micron (MU). It's not perfect, but it will do. As you can plainly see this is the beginning of a new trend upwards. The price for Micron in September will be over $65 a share, provided they are not acquired before we get there! Who would like to buy Micron? Someone with money. Apple, Intel, AMD, Seagate or China (I'm not sure about this one!). Why would they like to buy Micron? Cheap stock, excellent company. This would be an inexpensive purchase, someone could buy the company, then take away Microns cash, and pay themselves back. Micron would cost little or nothing!
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