“MU is overextended after a massive rally and faces dilution from SK Hynix's US listing, likely to chop below its 21-day MA.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
they probably are going to take a break after today's bounce and not just get above the 21-day.
this is disadvantageous to Micron and Sandisk cuz it offers a competitor you can own at another reasonable valuation.
The structured call
The receipt
Publish-day price $$979.30 · the claim is anchored to the moment it was said.