| FLECK last nite,no rant,just facts,such as this bit<<Blind, Stupid, Or From Another Planet Before resuming a look at the early-morning action, I want to spend a little more time than usual on the news, because it was so fascinating to see people behave in such a maniacal manner. It was particularly stunning to see Micron (MU) and Intel (INTC) being bought and in the green column, because in the last week or so we heard from companies like Gateway (GTW), Compaq, and Hewlett-Packard, which all talked about how dreadful the consumer PC market was. There were also some additional data points from RadioShack (RSH), Lexmark (LXK) and PC Connection (PCCC). Anyone paying attention knows that the people at the frontlines of consumer PC sales are reporting a disaster. I have rarely made recommendations in this column, but it seems almost impossible to me how people could lose, owning put leaps on Micron and Intel going forward. Maybe they can for a month or so, but those picks can't fly much longer. Considering what is going on, one would have to be blind, stupid, or from another planet to want to buy these stocks. >> end quote. |
