MUBullunverifiable
Jo Bhakdi“So this is just a screaming buy if you ask me.”
Thesis at the time
Strongly BullishJo argues Micron is irrationally oversold given its earnings trajectory, calling it a 'screaming buy' and 'generational buying opportunity' despite a brutal short-term selloff with no fundamental justification. He notes the stock trades at a very low forward P/E despite projected massive earnings growth through 2029.
Key arguments
- Forward P/E under 7 despite ~300% earnings growth
- SK Hynix earnings the prior day were good for Micron, no oversupply signs
- Projected ~$600 billion in cumulative earnings by 2029, largely locked in
- Selloff is driven by irrational panic/margin liquidation, not fundamentals
Counter-arguments acknowledged
- Could be a cyclical top in earnings
- Stock has 'passed the threshold of sanity' and margin positions are risky
Hedges and caveats (from the video)
- Presenter acknowledges uncertainty about market direction: 'I don't want to jinx anything and this selloff can of course continue'
- Presenter notes current market conditions are characterized by 'absolute freefall' and 'overwhelming negativity'
- Presenter discusses personal trading positions with options strategies (short puts) that carry risk of losses
- Presenter states 'No risk, no fun' indicating speculative positioning rather than fundamental conviction
The call
- Date said
- Jul 29, 2026
- Confidence
- high
- Specificity
- vague
How it resolved
- Status
- unverifiable
Why this resolved this way(resolution audit)
Full rules: docs/resolution-spec.md.
Confidence Reasoning
Strong conviction language ('screaming buy') paired with personal action of doubling his position.