Micron is 78.5% owned by Hedge funds with 21.1% from retail investors. Top shareholders are Vanguard, BlackRock and State Street.
We have seen a persistent automatic selling been triggered when open above 104. The consistency of pushing down the price in large volume shows clear price manipulation here, despite developments in better prospects.
There is a systematic algorithmic damper that periodically pushes the price down to 99-98 to trigger stop-loss as most retail will put stop-loss at below 100.
Usually when these algorithms spotted a good range to manipulate with continuous success, it will repeat the same behavior without rationale. Hence even when we saw some decline in other semiconductor stocks, Micron triggers a total wipeout by algorithmic trading due to ML pattern spotting. If retail stops pumping money, it would disrupt its “success” pattern.
We would recommend investors to stay away from Micron at the moment due to heavy price manipulation. Micron's stock price is well positioned and affordable for retail investors, hence a good stock to manipulate.
Micron's current price stays relatively flat over the past 4 years even with 60% revenue growth compared to last year, this shows that the stock is currently not trading at fundamentals but is been manipulated.
Modify on 2024-12-11 16:44
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No doubt, heavily skewed prices.
scared…