TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said there is always going to be someone trying to call a bottom in Micron Technology (MU) - Get Report but he believes there are bigger issues with the chip maker's products. Cramer said, 'the two products they have are DRAMs and Flash and the average selling price of both of those products is going down. I still need some earning momentum. average selling prices going down, numbers coming down, no reason i can find to buy, but anything can bounce.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.