Wednesday, September 24, 2025 -- $390,503.17 (-$18,821.71, -4.60%)

Wednesday, September 24, 2025 -- $390,503.17 (-$18,821.71, -4.60%)


Yesterday MU reported earnings and revenues that beat estimates and even the whisper numbers.  They also revised their forward guidance upwards.  Numerous analysts upgraded their price targets for MU.  This sounds pretty positive, right!?  So, in the pre-market hours, I used every last bit of my margin buying power to purchase 595 shares of MU at $167.79/share.  Of course, promptly when the market opened this morning MU dropped like a stone, dropping to, at one point, $158.30.  I don't know whether this was a buy the hope, sell the news event or just simple profit taking because MU was already up over 60% in the past two months.  This is a not-uncommon phenomena and something that you should understand when making investment decisions after a company reports earnings.

INOD also decided to have a significantly down day--it closed down 6% though it was down over 9% at one point.  INOD and MU hit the portfolio pretty hard, so I expect to receive a marging call tomorrow and I will need to decide what to sell.

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