First off, I know I'm not using the wave feature right, but I used it just to compare patterns from the late 90's and early 2000's.
I don't have time to give an in depth opinion as to why I think we are seeing similar activity right now, I'll update this when I have time and explain. But best case scenario I think we see a little more pullback and a big run up over the next few years, worst case it eats it and then finds bottom and runs up.
I don't have time to give an in depth opinion as to why I think we are seeing similar activity right now, I'll update this when I have time and explain. But best case scenario I think we see a little more pullback and a big run up over the next few years, worst case it eats it and then finds bottom and runs up.
While I am not buying right now, because I avoid buying falling knives, from a value perspective this is a great buy (though I'd wait for stabilization in price to do so).
I intended on making this about technical analysis, as I think it's fairly convincing, but I think the fundamental value of MU is even more convincing.
Let me know your thoughts,
-Kristian