the iPHONE and BLACKBERRY killer

Samsung is going to release new Android phones, and this may kill the blackberry for good and perhaps steal market share from APPLE iPHONE.

Android is a huge success. I think blackberry will no longer be the dominant player in the smartphone business. More and more people are adopting the Android platform.

Wait for RIMM to hit unrealistic high price due to their PLAYBOOK HYPE ($65s) then short RIMM.

Buy GOOG target $1000

Buy SNDK target $60 (more and more people will be using smartphones)

Buy MU target $14 for the same reasons.

These are all tech plays.

Tech enjoying its rally. $SNDK jumps. $MU should follow suit.

The 2 DRAM makers have proven that the DRAM Market will soar in 2010.

DRAM is a volatile market as you have seen. I longed $MU and $SNDK when they were at $9.5 and $28 respectively. Today both of them are more than 20% up in just 1 month.

SNDK did so well, though I had more weightage in MU.

It is time to take profits in SNDK very soon since it has made a whopping 40% gain. It has definitely surpassed my target of $39.8.

Investors who bought in today are hoping that SNDK jumps to $52 which is the line I have drawn.

I am going to be conservative on SNDK. It is fairly valued. I prefer MU in the long run.

Couldn’t wait, I bought Micron Technology. $MU. $SNDK

Micron Technology ran up today after a false breakout at $10.39.

I bought $MU at that false breakout, and I added more to it at $10.31. I have closed my $10.39 trade, keeping my $10.31 trade long.

I have said before that if MU went below $10.18, then it is in a bearish trend. However, MU decided to hold strongly above $10.27. This shows that they are not going to let that bearish play work out. This means that the BULLISH mode is in play.

This is an update of the CHART posted previously.

I will monitor this stock again. My target is at $12.75.

The good thing is that this rally is supported by SaNDisK as well.

I tweeted about MU breakout. Whenever, I tweet, it means that I have placed a trade. Follow my tweets if you want to follow my trade.

Some of you have asked me about the blog’s future. It is going to be FREE ACCESS indefinitely. I am not seeking payment for my stock picks. This blog is meant to record my trading ideas for my own reference. I have made much more money ever since I have written this blog. It forces me to think carefully about my trade ideas before I actually post it online, this is due to the pressure of having others review my trades. Furthermore, I have been receiving comments and emails about my trades which helps me reconsider my trades. I know other blogs have resorted to charging monthly access for their contents. I am providing this for free. You can help by sharing my blog with your friends. Have fun trading.

Monday Shopping Spree. $MU, $AES

I am looking to buy Micron Technology and AES. Yesterday, I drew a chart for Micron Technology and recommended to buy at $10. However, I realized that the BEARISH OUTSIDE BAR might be quite powerful and prevent MU from rising. In fact, if MU dips below the low of Thursday’s candle, then traders would be shorting MU regardless of the fundamentals.

Hence, I will watch how MU trades. If it drops below $10, I am looking to buy at $9.7

AES is an electric utility company that has been on a decline due to the drop of natural gas’s price.

However, there is a bullish outside bar created last Thursday. This could be the first bullish rebound for Natural Gas.

AES is a short term bullish play. Now it is trading at $11.30. I will exit at $12.5

Micron Technology BUY at $10. $MU

I am buying Micron Technology at $10 - $10.2.

I think Micron Technology is going to go up in the short term. Recently, Credit Suisse has increased its price target to $20. The stock plunged from $11 to $10.18 on Friday. The chart pattern looks very bearish short term. However, the fundamentals are very bullish. Micron Technology just announced a high EPS of $0.39 for its 2nd fiscal quarter. This puts MU on track to make more than $1 EPS for 2010 fiscal year. With this in mind, MU is trading at less than 9X current EPS and less than 7X forward EPS.

Micron Technology is in the memory DRAM and SSD business. With the increasing demand of flash memory from APPLE, Netbooks and the future Windows Slate and mobile phones, MU is able to sell its NAND at a higher profit margin.

Morgan Stanley has also upgraded the NAND sector to overweight. UBS and JPMorgan are still contemplating whether to turn positive. They have been bearish with this sector.

Since APPLE and SanDisk (micron’s competitor) have enjoyed a price surge, I think MU is still undervalued. The company’s books looks very good. My target is $15 by June.

BUY MU at $10.

Sell at $12.75 and $14.50

Micron Technology Inc $MU. Trading Plan.

Look for a buy in entry for Micron Technology MU.

This stock is a Semiconductor play. The stock is trading at only 9.32 forward PE, and it is about to post its earnings really soon.

Note the analyst projections for this stock. UBS has downgraded it to Neutral with a target of $10.50.

Credit Suisse and Wedbush Morgan upgraded it to Outperform with targets of $12 and $13 last year.

This stock has started profiting last quarter due to its high revenue. This is a tech play.

I am not playing this stock yet. I will continue watching it. However, if you are looking to go long MU, this is the trading entry level. It is a strong support.

My target for MU is $14.50. However, I prefer to wait for the earnings at the end of the month to confirm this stock potential. As long as the stock remains under $11 after the earnings, I may enter depending on the results of the earnings.

Micron Technology MU bullish sentiment

Today, MU rose 5% after I initiated a stock watch on it. I will continue to watch how this stock trades before looking for an entry.

The top line is a resistance which MU failed to break through strongly today. The bottom line is a support level.

Continue to watch MU. I prefer it to make a new swing high. Perhaps when it breaks $9.5

Dragon Stock Watch: Micron Technology Inc. NASDAQ: MU

This is a new stock that I will be covering. It fits the Dragon portfolio as MU has a upside price target that is 60% above the current price.

For now, I will just watch how MU trades.
Dragon Tip 1: Do not trade a stock that you are not familiar with. Allow yourself to familiarize with the stock for at least 3 days.