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John, Michael Murphy, my favorite tech pimp <VBG>, said that Rockwell
may buy out Cirrus at what he calls dirt cheap prices. I find this
extremely funny. Not that it won't happen. But because of my history
with Murph and a contest I am having with him on Prodigy. We both have
a list of 13 stocks and I was routinely kicking his fanny until Rockwell
bought out Brooktree, one of his picks,
at a stupid price. Proving they are not a bunch
of rocket scientists. Well, they actually are a bunch of rocket
scientists, so I guess it proves that rocket scientists are smart but
cannot recognize fluff when they see it. At least not the ones at
Rockwell. So, old Murph took the lead temporarily, but my great picks
and his turkeys finally turned the tide in my favor again. Now, he is
calling for Rockwell to bail him out again, this time
on Cirrus, which has been in the
toilet since he recommended it. The stock zoomed
on this shameless tout of a stock he owns in his funds.
But Cirrus is in trouble and could go bankrupt without somebody with
deep pockets taking them over. Rockwell has deep pockets. But, if they
do buy this troubled company, I have a feeling it will be a takeunder
from current prices. At least I hope so. I can't compete against
a former defense company with a lot of cash and the common sense of a
drunken sailor buying crapola at the top. -G- MU. When a recommendation
issues forth from Merrill, especially when it is for one of the most
active and best known stocks in the world, those thousands of brokers,
many of whom have discretion, buy it for their customers. They'll be
sorry. But, then, their main concern is YTB, Yield To Broker, and a
commish is a commish. Then, once it starts heading up, the brain dead
momentum people buy it. Then some short sellers quit, as they should
with a 50 percent loss in a week or so. And, yes, the suckers always
have money. Just because they are not bright as investors does not
mean they are not sharp
productive members of society in other fields who take home paychecks.
However, I wonder about Martians now. I think it was an earlier semi
cycle that made intelligent life disappear on that planet. -G- MB |
