Rumors on Wall Street that the orange man liquidated all his MU today and that Micron is filing for bankruptcy. I just sold my 200 shares at $960. Cost basis $374. Pyramid scam. Will MU bottom out under $100 on Monday?
I'm not a stock market person. I hate gambling. I inherited 200 shares of MU at $374. It seems to me that billionaires sell tens of thousands of MU shares when it reaches a weekly high point which then floods the market and causes the price to drop. Then the billionaires buy back tens of thousands of shares in the dips which causes the price to rocket. They do it over and over. Meanwhile, little guys watch the price roller coaster and panic sell. I'm holding until it reaches $2000 and then I'm selling it all and never looking at the stock market again.
This is a puts and calls game for the big boys. We're not in that club and I wouldn't want to be. Imagine the stress and consider the tax consequences. I inherited 200 shares of MU from a rich uncle and when MU inevitably hits 2000 I'm out of the stock market for good. No debt. Little house in a little town. Sit in the front porch and read Hemingway and enjoy the lightning bugs.
