The big “off-season” earnings announcement yesterday evening was Micron (MU) and it absolutely BLASTED higher the moment the report came out. And now? It has lost 100% of the pop and is now, amazingly, in the red. I shorted it this morning and I think it’s a keeper.
A plunge less worth celebrating is volatility, as the VIX sinks ever-deeper into the low teens. And to think this sucker was FOUR TIMES this high just a couple of months ago!
