$MU, $INTC, $AMD and even $QCOM all get whacked on Friday following a warning on chinese order slow down from MicroChip.
$MU – Micron completely reversed a 10% gain to become a 10% loss in just 2 days – shows how the brutal the stock market can be!
Intel results on Tuesday will be key – they announced a great quarter last time has it really all spun on its ahead 3 months later? We will find out Friday.
A bad number could be the exist Visa for the $MU positions…
Although in the same sector, MicroChip and Micron serve different sectors.
$MU FV = 40
$INTC Fv=28 dividend yield = 2.8%
but after Tuesday that could change if $INTC numbers are bad.
2CentView has a trading position in $MU.