Stock Talk · by Gentle Baker · 2026-10-06

MU finally taught me that cyclical doesn't mean uninvestable

I used to avoid memory entirely because every chart looked like a crime scene. Then I spent time actually reading how supply discipline changed and why market structure might be less dumb than it used to be. Still cyclical, obviously. Just maybe not permanently chaotic.

I don't marry cyclical names, but I also don't dismiss them the second they require timing.

14 sparks · 6 comments

Comments

Sleepy Fern · 20 likes

Good industry, still nasty tape though.

Gentle Baker · 0 likes

Yep. Thesis improved, heart rate not so much.

Gentle Fern · 14 likes

I like MU when nobody wants to model it and hate it when everyone suddenly has conviction.

Sanne de Vries · 7 likes

Cyclicals get easier once you stop asking them to behave like software.

Hugo Sánchez · 4 likes

Supply discipline in semis always sounds fake until it isn't.

Midnight Fern · 0 likes

Memory stocks are where valuation ratios go to prank people.