MU blew out · your book · the re-entry read

TL;DR

1. MU reported a blowout and gapped ~+13% — you're flat it (sold Jun 16). The re-entry read + a wash-sale check below.
2. META is 49% of your growth account, on margin — still your #1 risk, un-trimmed.
3. Book ~flat at $22.3K (0600); no drawdown alarm. The $22K-vs-$32K confusion is finally resolved.
4. MU re-energized the AI trade → tailwind for your NVDA / ASML / SPY tech weight.
5. You've had ZERO MIS read since Jun 1–2 — the 3 breaks + the fix in flight.

1 · MU — the pop you missed, and what to do now

What happened: Micron reported FQ3 after the close Jun 24 — a clear beat + strong guide, and management said its entire 2026 HBM supply is sold out under fixed-price contracts. Shares jumped ~+13% after hours [Investing.com transcript], and it "injected fresh life into the AI trade" [TheStreet/CNBC]. unverified The headline revenue/EPS magnitudes circulating ($41B rev / $25.11 EPS / +346% YoY) look implausible vs Micron's history — I have NOT confirmed them against Micron IR, so don't trade off those numbers; the direction (big beat, sold-out HBM, ~13% pop) is what's solid.

Your position: you sold MU + NKE on Jun 16 and rotated into GOOG + AAPL (Schwab 898). So you watched the catalyst from the sidelines.

The read (advisory — your call):

• Thesis: intact and re-accelerating — Durability + Trend strong (HBM pricing visibility into 2027).
• Setup TODAY = extended. Chasing a +13% earnings gap is a poor entry by your own setup logic → this is a WATCH, not an ADD. The better entry is a post-gap consolidation/pullback that holds; size any re-entry to a defined max-loss with a stop level (not a live order).
• 🚦 WASH-SALE CHECK FIRST: if your Jun-16 MU exit was at a loss, re-buying before ~Jul 16 disallows that loss (30-day window). Confirm the Jun-16 MU realized P&L before re-entering. If it was a gain, no wash issue.

2 · META — your #1 risk hasn't changed concentration

META = $10,825 = 48.6% of account 0600, and ~36% of your whole household book — held on margin. The post-MU AI lift helps it short-term, but this is the opposite of "every dollar working hardest spread across calculated risk" — it's one name carrying half a margined account.

The read: define a target cap (you've framed max-size-per-name / per-industry / per-direction) and stage a trim toward it. It's a winner, so no wash-sale constraint; on a risk-trim your rule is recent-gain lots first (keep the old lots' long-term clocks). This isn't "sell META" — it's "stop letting one position be the whole account." Your call on size + timing.

3 · The book, the 2.5% clock, drawdown

The $22K vs $32K, resolved: $22,135 was always account 0600 alone (now $22,285, basically flat). The "~$32K" is all 5 accounts summed (~$31.3K) — not a phantom, just a different scope. caveat 0600 carries a pending −$11K margin line, so 0600's true net-liq needs one fresh Fidelity export.

Drawdown: no alarm — book ~flat, nowhere near the −20% hard stop. 2.5% MTD clock: can't be computed cleanly yet — the cost-basis/P&L path reads $0 (bug B1/B2). Fixing that is the first thing that unlocks your realized+unrealized 1/2/3-month view.

4 · Read-through to what you hold

MU's beat re-accelerated the AI/semi trade, so the tailwind reaches your book even though you're out of MU:

• ASML (2.5 sh in 0600 + 0.28 in son) — HBM/AI capex re-acceleration is a direct positive.
• NVDA (2 sh in 5692 + 1.39 in son) — had sold off ~3% into the print [Jun 23]; MU's sold-out HBM is a read-through positive.
• SPY — your largest non-META line; tech weight benefits, but the index itself was soft into the print (S&P −0.10%, Nasdaq −0.43% Jun 24).

5 · Why you went blind — and the fix in flight

You've had no MIS read since Jun 1–2. Three breaks, all verified:

1. Jun 2 — the Apps Script triggers (daily brief + holdings import + FSE rebuild) were killed (they were colliding and blowing the quota) and never restored.
2. ~Jun 19 — mis-bridge (the pipe that pushes MIS to you) has been returning HTTP 403 (OAuth lapsed).
3. The trade-import auto-run never fired → the engine's data went weeks stale.

In flight: (a) re-arm the data refresh so the book stops being stale; (b) hand the mis-bridge/notify fix to the live Brain session (that delivery pipe is its lane); (c) the off-sheets build (Schwab API in the Worker) to kill the 6-minute wall and get you to the 200–250 universe; (d) cockpit mockups coming next so you pick the one view that finally speaks to you. This read is the manual stop-gap until the pipe is live again.