MU trade ideas
They Always Dump it before they pump it..! On August 4th, 2021 I published a post that micron technology could be the next WSB's Play..!
Today it is ranked 12th on their mentioned tickers! and I believe it will be the next AMD or MRNA..!
This is their famous pattern of dumping, they do it so fast to wash out everyone and then play the way they want..!
Soros is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Based on his early studies of philosophy, Soros formulated the General Theory of Reflexivity for capital markets, which he says renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks.
What Is Reflexivity?
Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception. The theory of reflexivity has its roots in sociology, but in the world of economics and finance, its primary proponent is George Soros. Soros believes that reflexivity disproves much of mainstream economic theory and should become a major focus of economic research, and even makes grandiose claims that it "gives rise to a new morality as well as a new epistemology."
Understanding Reflexivity
The reflexivity theory states that investors don't base their decisions on reality, but rather on their perceptions of reality instead. The actions that result from these perceptions have an impact on reality, or fundamentals, which then affects investors' perceptions and thus prices. The process is self-reinforcing and tends toward disequilibrium, causing prices to become increasingly detached from reality.
Soros’s theory of reflexivity runs counter to the concepts of economic equilibrium, rational expectations, and the efficient market hypothesis. In mainstream economic theory, equilibrium prices are implied by the real economic fundamentals that determine supply and demand. Changes in economic fundamentals, such as consumer preferences and real resource scarcity, will induce market participants to bid prices up or down based on their more or less rational expectations of what economic fundamentals imply about future prices. This process includes both positive and negative feedback between prices and expectations regarding economic fundamentals, which balance each other out at a new equilibrium price. In the absence of major obstacles to communicating information regarding economic fundamentals and engaging in transactions at mutually agreed prices, this price process will tend to keep the market moving quickly and efficiently toward equilibrium.
As evidence for his theory, Soros points to the boom-bust cycle and various episodes of price bubbles followed by price crashes, when it is widely believed that prices deviate strongly from the equilibrium values implied by economic fundamentals. He often makes reference to the use of leverage and the availability of credit in initiating the process and the role of floating currency exchange rates in these episodes.
At this point, I am +99% confident that Wall Street Bets (WSB) is run by the reflexivity theory. the question is :
What is the role of "The Godfather of Color revolutions " in WSB moves?
What was his Role in Marijuana legalization and how much did he made in the Weed stocks Bubble???
To be continued..!
Reference Article:
www.investopedia.com
Micron TechnologyInstitutional shares at 135.41%
Institutional Owners 2276 total, 2208 long only, 12 short only, 56 long/short
Projected earnings for October 5th: 2.31
Info provided by Ortex stock screener,
SELL:0
ANALYSTS
HOLD: 7
ANALYSTS
BUY: 26
ANALYSTS
TARGET PRICE: 114.43
RETURN POTENTIAL: 48.46%
Potential for a very large move in the future.
/// Short term moves///
$MU June Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100. Investors should expect $MU to uptrend similarly along with other semiconductor companies in the near-future due to tech rebounding.
$MU is releasing their May quarter results on 6/30/21. My team remains just as confident as before in $MU and expect stock price action to benefit from this report.
My team entered $MU on 6/14/21 at $79.36 and still plan to take profit at $104.
Entry: $79.36
Take profit: $104
Stop loss: $75
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$MU, Textbook Falling Wedge, ABC Correction Wave,Fib RetracementIf you missed buying MU at 72, then now is your moment. On chart you can see, price bounced off the 38.2 few days ago. As in every other falling wedge we like to see increased volume on the lower side as in early May and 19th of June. Earnings couldn't push the stock over the wedge, but there's a really good chance MU wont go under 75 in the near future.
Bullish Targets: 80-85 by mid August, at ATH by end of August.
Busted Pattern: Under 72
Options play: STO AUG 20 $72 Put or defend with a spread. Naked $80 Calls