Tulip Bubble Worthy

(Not financial advice)
Comment below if you want details on my strike+exp.

- Pretty wild chart, right?
- Pretty interesting that tons of institutions that benefit from us all buying stocks, last week said things like, "Micron’s stock is spectacularly cheap, as these numbers show."
- Pretty noteworthy that no analyst in March 2026 rated the stock as a sell or strong sell. The consensus from 32 analysts is a Strong Buy from JP Morgan, BofA, Goldman Sachs, UBS, Citigroup, etc.
11 = Strong Buy
18 = Buy
3 = Hold
0 = Sell
0 = Strong Sell

Here's the thing. This is the definition of herd mentality, and this chart is extreme to the extent of the tulip bubble or even more so. Just look at it. Are you going to buy that? If you are, thinking, "Well I'll just hold even for 5 years and it will be fine." You are wrong. I am confident that institutions started getting out, and have been using the hype to get retail to hold their bags.

I bought puts on MU right at market open Friday morning 03/20/26, and if you don't have puts yet, don't worry because we're just getting going. I am targeting the 1st leg of this drawdown, and not holding through the eventual relief rally before the 2nd leg lower.

If you know anything about wave structures, they provide good insights into targets for extensions and pullbacks. We are looking at an extended 5th wave that started in Nov 2025. Extended 5th waves are known for violent drawdowns after they complete. It meets the requirements of a 5th wave extension. If you measure waves 1+3, wave 5 extended beyond 100% of both of them combined. It travelled 138% to be exact.

Now, I must stress, this is an extreme high risk = high reward trade. I have only placed the trade at an amount that I am okay with losing 100% of, but if it pays out it will be a 20-30x.

References:
marketwatch.com/story/microns-stock-is-spectacularly-cheap-as-these-numbers-show-2a96e75b?mod=mw_quote_news_topstories

stockanalysis.com/stocks/mu/forecast/

wavetimes.com/fifth-wave-extensions-can-make-you-rich/

(Coolest tulip bubble chart I could find)
cdn.shopify.com/s/files/1/0969/9128/products/TulipPriceIndex-TulipMania1630s-ChartDataVisualization-FinanceStockBusinessArtPainting_85f0b4bf-2ee7-4964-accd-7193cfe6a854.jpg?v=1619003666

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Kind of amazing that MU is still down today after Trump bending over backwards to TACO before market open this morning. MU was down -4% overnight. Our president is the biggest p*ssy.
- Gives all you guys a chance to get in today though, so that's sweet!

Ghi chú

This is for all the great comments I've been getting.
Some commenters have different wave counts, so here's what I've got so far. The moves are so big it's difficult to fit it all in one screenshot! Lol

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Bought more puts today.

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We witnessed a very rare thing in Oil, and this serves as a great example of just how EXTREME extended 5th waves can be. This is actually an extended 5th of an extended 5th inside of an extended 3rd wave. Absolutely insane. Beautifully rare. But this is the type of pull back they present.

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Dark blue box = wave 3
Light blue box = the 1st extended 5th wave
Light green box = the 2nd extended 5th wave

Red box = the ABC pullback

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Notice the gaps that bulls were not able to fill. Perhaps they will, one day, but I don't expect that until after this shakeout is complete. These consistent steps lower and lower each day indicate that a large down day may be on the horizon. MU is down ~2% overnight currently, so we may get another gap and go day tomorrow.
---Be mindful of the neckline support. We should expect some kind of knee jerk reaction around that level, but it is highly doubtful that any meaningful support will be found. Even if retail was convinced Micron was a great deal at this price, they simply don't have the money to push it higher and stay higher without large institutions.

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Everything is going according to the plan.
Still holding all my puts. Might trim the shorter dated ones near the neckline, but I'll still hold most all the way to $250.

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Turns out Micron is a screaming buy right now guys. Wow. The TV told me so.
They said you should all buy it.
They always say things on TV and print things in the news that help us long-term after all.
----IF IT WAS A DEAL, THEY WOULDN'T BE YELLING AT YOU TO BUY THE DAMN THING.
--THEY WANT OUT. Don't be the exit liquidity.

"Micron is trading at the lowest forward price-to-earnings ratio among all stocks in the S&P 500. The combination of a swift recent decline in memory stocks and a rapid rise in Micron Technology's earnings estimates has made the memory company's shares incredibly cheap. Just how cheap? Micron's stock (MU) now trades at 4.5 times expected earnings per share for the next 12 months."

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Buy more puts at $380

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If you guys are still paying attention, here's another bit for you.
I suspected this around $350, prior to the 2nd top fully forming, honestly, because NVDA did the same thing to retail.

It got hyped, they reported stellar earnings, Retail tried to buy and the hedge funds and big players dumped into the liquidity spike from that. Same thing here. The shark is very compatible with the extended 5th wave dynamics which is why I thought this should be a high confidence trade.

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MU started UP today 1.5%, and within 5-10mins, completely sliced through the neckline.
That is some Sweeney Todd level price action there.
A swing back up to 330 is possible, but again not required.
There is a LARGE put wall at $300, so we should see support there honestly, but if we break below $300..... retail might actually start giving up and selling. Dang.

Ghi chú

I closed my 04/17 MU puts this morning for a 6x gain. (It was 10x yesterday, but holy cow the volatility.)

Still holding my 05/15 MU puts. Even if they go down, I fully expect lower lows and the target to be reached in the next month.

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Unless yields come down, MU will continue to struggle.

MonetaryRebel

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MonetaryRebel