Trading up heavily before earnings usually leads to a sell-off and profit-taking afterward.
This time, it sold off sharply out of fear and algos hitting stop losses, allowing buying in at a cheaper price. When $Micron Technology(MU)$ delivers what could be one of the best earnings calls and guidance in stock market history, there should be a flood of buying, as the discount has already been provided over the last two days.
It's not trading like a typical pre-earnings setup, which gives me more confidence in buying pressure after the call, not selling pressure.
We'll see. Either way, what a ride this stock is!
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