BS. Cramer's most honest guy on the street, my opinion. (He is already rich, and driven by a compulsion to i) show everybody how brilliant he is (which he is, but so are some other people); and ii) how honest, open he is. Probably can blame it all on his particular Jewish mother....<g>
Now the trouble with this turkey is the mangement is in a bit of serious denial. I sensed it couple months ago, in at 50 or so, out at 52 after this baby wend up to 55 and then started heading south. Ok, but why? On a sense that management wasn't completely owning up. Don't remember the details, could look it up, not inclinned to bother.
I bailed a 3k share position, told everyone here why, got excoriate, fought back, won converts, then moved on. Meanwhile stock was crashing through to mid 40s. And has trended basically down ever since. Down more tomarrow.
Why? Management is still full of sh**.
I sense real trouble here. I am not in, and am not short. And am not itching to get in either. Conceiveably I could buy back in if this puppy gets real hurt from here, but my sense is that both CSCO and COMS are taking share. And the street is also getting sick of these guys. WHat they should have done 3 moths ago is said. We are gonna have a lousy one or two quarters. We are in the best area and will do fabulous going forward, but have major integration issues, and also 56k is looking a bit slower than we thought before.
And taken a 10 point hit. From 52 or so. Would probably trade up today. Instead, steets now generally feels like I do. Don't really trust these guys. Stock will soon be in 20s. Watch.
Doug
And if you don't think I'm any good at this kind of thing, search my comments on Rambus less than one week before its precipitous decline. Not BS techical. Fundamentals and psychology. |
