### Comment:
Companies like MU aren't going to overcome general market slumps without big news.  That big news might be ER, but MU will need to absolutely crush it. 
  
 I've got shares in MU, I think it'll be $70+ next quarter, $80 before New Year, but short term I keep telling myself 'it's not a loss unless I sell'.

### REPLY:
The run up from 40 to 60 was on basically no news, daily 2%+ gaps for a couple weeks, seemed like people were getting use to a 10 p/e... so much for that

### END.