Micron Trade Call: Buy on Dip from Extended Levels

13 days ago

Host

"Now, let's talk a little bit more about Micron, okay? Because are we, am I going to go run out and buy Micron? Micron was up 10% yesterday and we're at all-time highs. What do you do with that? Well, a couple of things. The 2026 thesis is intact. HBM supply is sold out. Capex is increasing to 20 billion to build the Idaho fab and the New York fab. This is a multi-year structural build, not a one-year spike. Entry strategy for long-term investors: wait for a 20 to 30% pullback to 232 to 270 zone. Current price of 343 is extended. If you must enter now, scale with 25 to 33% of the position and add on dips."

The speaker provides an actionable trade call on Micron (MU), outlining a strategy to either wait for a 20-30% pullback to the 232-270 range or, if forced to enter at current levels (343), to scale in gradually. The rationale is supported by long-term structural investments and improving fundamentals, emphasizing a long-term hold.

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