Yaacov. Most liers hide their true intentions, no? Kemble's motives, intentions, and shares owned have been discussed in the financial media and also here.
We're supposed to be able to separate the goats from the sheep. Many of the long sheep have gotten slaughtered yet Kemble has remained positive.
Maybe you should find and curse the goats. I still recall the day the MS analyst called PCLN a "strong buy" when it was trading at $147 a share. On that day no less than four influential internet posters (at the time) who claimed no affiliation with a brokerage house stated they were shorting the stock based solely (their words) on the recommendation. Go figure. These posters did not come across as abundantly wise from previous posts. They did appear to be good gamblers. PCLN never saw that price again.
Kemble's positive motives appear to be known. Can the same be said of the well-paid MorganStanley institutional analyst who made the PCLN call on that day? Talk about positive...
Don't you think it is odd that when the market is close to a top 75% of all well-paid analysts are bullish? But, when the market is close to a bottom, the opposite is true?
Consider Niles. Niles hasn't made an equally stupid price target call on Dell. He's made some decent calls. He did make an uncharacteristic bullish call of late though...IFX to $100 (currently at $39). Two of Niles main reasons for recommending IFX were (a) chip leadership position in the 3g market, and (b) increasing IC sales.
Nevertheless, when Niles' Research Associate was asked if he was aware of the company (Interdigital, IDCC) that was working with IFX in supplying layers 2 and 3, (IFX supplies the core, IDCC the "protocol stacks" ) along with IFX's subsidiary Comneon, for their SoC 3g chipset, the associate responded, "What company is that again?".
I find it interesting that Niles can recommend IFX and not its and Nokia's 3g partner (IDCC). Anyway, Niles' Associate requested that information be sent to him on this "IDCC". IDCC currently enjoys no analyst coverage yet does enjoy partnerships with the world's largest handset maker, Nokia, and, now, IFX, the world's largest GSM IC manufacturer. IDCC who? IFX to $100. Nokia to $50. IDCC who?
I know Niles is aware of IDCC's existance but his Associate, the individual assisting Niles in his research, was not.
The point is that no one never fully knows the full criteria one is using to come to a decision relative to 'buy', 'sell', or 'no coverage.' We do know that Kemble has remained positive on Dell through the ups and downs. That says more to many about Kemble's stick-to-it-tive character than it does about Dell's stock price.
(note: Niles does appear to be right though re IFX and 3g ICs...everyone has been anticipating Qcom's and TXN's solutions for 3g, yet IFX leads for SoC designs, lower cost design and has already produced models for handset/basestation testing.) |
