Yesterday I sold my position in Micron (MU) with the stock at $41.30. The stock ran a up nicely lately and I felt there would be a pullback for some profit. I didn’t want to exit the position for any length of time, I just wanted to lock up some cash. Today the stock did come down a little but I missed the opportunity to get backing at $40.90 and it came back up to the $41.30 area. When it backed off to $41.15 I pulled the trigger and got back in. I wanted to get in about 50¢ less than where I got out yesterday but my lack of patience prevented me from doing that because it looks like it might go down from here. I’m really not worried, It’s a great, highly rated stock and I think it goes up in the near term.
Buy 1000 Shares MU @ $41.15
Steve
The Options Coach