He wouldnt tell me, says 'lots of different input leads me'.
Well, this run is not due to a strong looking chart. Are
there someone watching this, who can give us a non-TA reason?
And yes, it does look as if there is still buying pressure,
it may go higher still; but I would like to talk to just one
buyer.
I see there is a strong buy issued 9/18 by Cowen & Company,
and that EPS mean estimate is $1.98 for the coming year
starting now. Will this EPS grow or shrink in 99, in other
words is the strongly improved EPS due to cyclical improvement
(more equipment needed for new chip fabs due to chip demand),
or is the company itself doing much better. Must find out.
Until then I shall sit on my hands and watch how high this
crazy thing can go. And then, precisely at its peak, I shall
buy many puts.
By the way, upgrades after a long run can mean it is near
the top; its big guy's way of finding more buyers to sell at.
One should keep track of all recommendations and what then
happens to the stock within 1, 3, 6, 12 months, and publish
the result. I think it will show that whoever followed the
advice gets poor relatively quick. |
