Back in early June, I came across MU through a stock screener and started keeping an eye on the company. By mid-June, I noticed the stock was on a consistent upward trend, so I dove deeper into my research. Based on my findings, I made the decision to start building a position around $113. Fast forward to today, and my MU holdings now account for 40% of my portfolio. After Christmas, the stock rose another 10 points, reaching an impressive $287. This is the most money I’ve made in a stock, and honestly, it’s the best Christmas gift I could’ve asked for. Now, I’m at a crossroads. Do I keep adding to my position and maintain the high-risk, high-reward strategy, or do I start taking some profits off the table and reduce my exposure to lock in these gains? Do you think Micron’s future potential can keep this momentum going, or is the stock price approaching a temporary peak?
Micron Technology: From $113 to $287, the Surge Behind the Rise Should I Add More or Take Profits Now?
byu/Automatic7788 ininvesting
Posted by Automatic7788
15 Comments
In 25-50 words, explain what Micron does/offers and how it will outperform competitors.
If you can’t answer, you are probably under diversified.
You bought because it was going up? Then sell what you initially put in. You’re trading not investing.
Your gains are huge, I live close enough to Boise to see the new plant going up, it also is huge. Idk, but they stopped selling ‘Crucial’, so they don’t care about small potatoes anymore. Still find something undervalued, Saylor has taken a real beating, that is where am looking. Tough call, but it sounds like you could pay off any Christmas bills by selling some Micron, that was quite a rally.
Sell 40% if your conservative or 60% and let it ride after that. You make profit and you still have a position in MU. It’s what I did when it hit 207$ I should have waited too but I wanted to secure some money.
Id sell, precious metals frenzy can’t go forever
I just sold mine off for a nice little profit. Greediness looks ugly on me.
Buy more Micron definitely
Do you have enough shares to sell covered calls? That way you make some additional income if price goes up or down.
MFs will make $1000 from buying a few shares of a popular, rising stock and then panic sell when it gets “too high” to lock in paltry, short term gains, wew.
Taking profit and adding are polar opposites
Ask yourself if you were to take profit what would you buy that could perform better? If there’s nothing on your list then hold. Save any cash you have for dips.
Bought 5 shares today for $290. Down 1.5%
Thats a decision only you can make
There’s no shame in taking profits. Keep your original investment amount and sell the rest off and take profits.
I did that with another AI/tech stock and don’t regret the decision.
There is going to be a global RAM shortage for the foreseeable future. I’m holding onto my MU. But I held MU through all it’s pumps and dumps through the years. It was not pretty until recently. This time though, is different. We are undoubtedly in a bubble. But at the start of one. We will be in a RAM crunch for years.
Micron going to $1000 don’t be a bitch