- Micron is a major provider of data storage semiconductors, including DRAM, flash memory, and solid-state drives, which are essentially commodities needed for the manufacture of most digital products.
- Micron was breaking out prior to the pandemic and is now making new 2020 highs. It appears that it finally resumed that breakout.
- Micron just closed the week at the highest weekly close in 20 years and appears likely to finish November at the highest monthly close in the last two decades.
- I believe Micron has the potential to test its all-time high closing price of $96.56 made on July 14, 2000, and possibly make new all-time highs on a continuing melt-up.
Vir Biotechnology is undervalued (Read full article here) Vir Biotechnology's IPO in October was a reasonably terrible flop of an IPO, and likely due to its Vision Fund sponsorship. Vir offers a significant pipeline for a speculative biotech, and the company is holding a significant amount of cash, which the market is failing to fully appreciate. Vir appears to be undervalued and likely to soon trade on clinical data updates. The company appears to represent a strong speculative opportunity in advance of such updating in 2020. Vir's broad pipeline should provide multiple possible opportunities for catalysts, including possible announcements of collaborations with larger peers. Read full article here.