This post was just published on The long-term position in Micron MU stock is long from $21.77. It is trading at $41.67 as of this writing.
There is an additional Trade Around position in Micron MU stock from around $36. (This is separate and distinct from the long-term position.)
We have been raising buy zones for newer subscribers. Newer subscribers will have MU from higher prices but still with very nice gains.
Dilution On Stock Sale
MU has announced that it is selling $1 billion of new stock. This should cause about $0.15 dilution.
The First Reaction And The New Reaction
The sale was announced after the close yesterday.