Harry,
So allow me to get my lick in.
I am of the opinion that Jonathan Joseph, (and his relatively new assistant, who defended today's SSB report on CNBC), as well as Drew Peck, consistently spew misinformation. Surprisingly, their misperceptions still have the ability to produce sharp short term drops in INTC's price. As we have seen all too frequently, their erroneous conclusions, are slanted against Intel. Often they abort upward momentum moves at key points. Such was today's SSB report which prevented a follow through from Monday's impressive INTEL gain....and Drew Peck's warning two weeks ago that Via chipsets would reduce Intel's revenues going forward. (I am too lazy now to look it up, but wasn't INTC about to pierce 140 at the time of Drew's cautionary comments?)
This morning, when CNBC first reported the SSB report, my first thoughts where exactly yours,
"You would think these guys would ask themselves, "Would Intel be shelling out $6 billion on fabs, if they thought demand was slowing down?" I wish they would take Ben Franklin's advice, "It is better to remain silent and be thought a fool than to speak out and remove all doubt."
I am therefore of the opinion that tomorrow we will reverse today's INTC losses, "Big Time"....hopefully, Joseph and Peck will loose the credibility with "The Street" that they so justly deserve to lose.
Best Regards,
Jules |
