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I’ve been watching Micron (MU) for a few months now, and I think the semi’s could really run tomorrow on a favorable Philly Fed Index. It won’t be fundamentally based so much as inventory building, but Micron’s price represents a solid entry point on its own merits. It has some balance sheet strength, and there’s not a lot of competition out there for solid semiconductor firms outside of INTC, TXN, and NVDA, which already sits comfortably in the Secular Trends Portfolio.

Adding 5000 shares MU at $5.31; thesis posting to follow shortly.

Source: Why I'm Buying Micron: Part I