MUBullpending
Jo BhakdiTarget Price
$900
“Of course, once this whole thing stops, this goes back up to 900 probably in one day, but you don't know when that is.”
Thesis at the time
Strongly BullishJo argues Micron is irrationally oversold given its earnings trajectory, calling it a 'screaming buy' and 'generational buying opportunity' despite a brutal short-term selloff with no fundamental justification. He notes the stock trades at a very low forward P/E despite projected massive earnings growth through 2029.
Key arguments
- Forward P/E under 7 despite ~300% earnings growth
- SK Hynix earnings the prior day were good for Micron, no oversupply signs
- Projected ~$600 billion in cumulative earnings by 2029, largely locked in
- Selloff is driven by irrational panic/margin liquidation, not fundamentals
Counter-arguments acknowledged
- Could be a cyclical top in earnings
- Stock has 'passed the threshold of sanity' and margin positions are risky
Hedges and caveats (from the video)
- Presenter acknowledges uncertainty about market direction: 'I don't want to jinx anything and this selloff can of course continue'
- Presenter notes current market conditions are characterized by 'absolute freefall' and 'overwhelming negativity'
- Presenter discusses personal trading positions with options strategies (short puts) that carry risk of losses
- Presenter states 'No risk, no fun' indicating speculative positioning rather than fundamental conviction
The call
- Date said
- Jul 29, 2026
- Current price (live)
- $1,096.16✓ target met
- Confidence
- medium
- Specificity
- specific
How it resolved
- Status
- pending
Confidence Reasoning
Specific price target given but hedged with 'probably' and explicit acknowledgment of timing uncertainty.