Key insights
- An investor discusses exiting a Micron (MU) position after a significant gain, citing a recent selloff possibly triggered by a Google paper. The investor is rebalancing into the S&P 500 and high-dividend finance stocks. The post reflects short-term profit-taking and risk aversion amid market volatility, but the overall impact on US equities is slightly negative due to the potential for further selling pressure on Micron.
Been a fun ride with Micron. Doubled my initial investment and I'm happy with it. Just going to rebalance and put half in S&P and the other half in a high divident banking stock/finance sector.
People are panic selling and even though I know a paper by google from last year isn't the main issue, when there's a mass selling, there is no point holding. Since last year this stock has been up by approx. 350%.
For those of you who currently hold the stock, what are your plans? and for those of you who were thinking of buying yesterday, do you still believe in a further upward trend?
Would like to know your opinion. Cheers!