• The Micron Technology MU re-entry on trade

Huge pop in Micron Technology (MU) yesterday that exceeded that of 8%. 

Of course when that happens, you tighten the stop on that position enough to where you walk out with the majority of the gains.  

But…of course…there was some profit taking by the masses and I got stopped out at $14.62. That’s ok, I got in at $13.86 originally so I’m walking away with over 5% in gains. 

But unfortunately, the stock showed that after it shook out the weak hands (I guess that includes me in this case – nothing wrong with that either) the stock decided to go back up. 

So I started to watch and watch…and watch some more. 

Unlike other times, I usually pay no mind to the stocks after I get out, I had a sneaky suspicion that it might go back up and I knew that if it did, it would still represent a golden trading opportunity still…

So I got right back in – this time at $14.83. Sometimes you have to do that but you want to make sure that it isn’t out of revenge, and based on my track record of success in the market and avoiding 99% of all stocks after I get out, this is not a revenge play. Sure I may get stopped out again, and I’m willing to take the chance. I placed my stop just below the day’s lows, and from there we’ll see how much more this stock wants to continue to climb. 

Here’s the new trade setup for Micron Technology (MU):

The Micron Technology MU re-entry on trade 

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