Thursday, September 29, 2011

MU Beats on Sales, EPS loss of 14 cents...

MU ER were as follows :

Sales $2.14 Billion vs expectations of $2.11 Billion..a beat

EPS loss of 14 cents VS expectations of 1 cent profit

Loss resulted from sharply lower DRAM prices....

MU AH Bid $5.71 Ask $5.74..closed @ $5.87

MU has been beaten down, thus behaving OK in AH Down 14 cents.

CC is @ 5.30 PM...i will not listen to cc.

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

S

A am sorry about MU

I am never sure that buying pre earning release is a good idea

Hmmm

C

Stocks100 said...

Hi C,

MU was not an earnings play, it was @ an attractive price..i may add more tomorrow?

Saleem