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10/30/2024
Remember when I talked about Micron (MU) potentially reaching $130? Well, it looks like we’re on the right track! 📈I bought in at $96.00, and as of today’s close, MU is trading at $109.88. That’s a solid 14.5% gain so far! 💰While we haven’t hit the $130 target yet, the stock has shown impressive momentum. Micron’s strong position in the semiconductor industry, especially in memory and storage chips, seems to be paying off.The company’s been riding the wave of increased demand in data centers, mobile phones, and even automotive applications. Plus, with the AI boom, who knows how high it could go? 🚀I’m keeping a close eye on it, but so far, my prediction is looking pretty good. What do you think? Should I hold on for $130, or is it time to consider taking some profits? ”Regarding when to sell, that’s a personal decision based on your investment goals and risk tolerance. However, here are a few points to consider: 1. Your initial target was $130, which hasn’t been reached yet. 2. The stock has already provided a significant return from your entry point. 3. Micron’s current price-to-earnings ratio is quite high at 84.52, which might indicate it’s somewhat overvalued.Remember, it’s often wise to have a clear exit strategy. You might consider setting a trailing stop loss to protect your gains while still allowing for potential upside. Alternatively, you could sell a portion of your position to lock in some profits while keeping the rest invested for potential further gains.As always, it’s best to consult with a financial advisor for personalized investment advice tailored to your specific situation and goals.
