Micron (MU +1.7%) continues this week's strong run after Alpha One Capital's Dan Niles comes on...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron (MU +1.7%) continues this week's strong run after Alpha One Capital's Dan Niles comes on CNBC singing the company's praises, citing cheap valuation and Elpida's bankruptcy. The stock could rise another 30%-50%, Niles says, as it had been trading below book value until recently and Elpida's not the last company that's likely to go bankrupt among DRAM makers.