Earlie, it's funny about that "honest broker" Tom Kurlak. I could have sworn he made a statement to EBN about his flip on MU to the effect of "we took a hike, we declared victory, and we went home"...
...and now, lo and behold, we discover that he had his long-term rating on MU at "accumulate" all along! So, actually, your long-term rating still was an "accumulate" all the way from 60 to 22 1/8? Yes or no?
Is that "victory"? Yes or no?
And I thought there was something recently about "time to take the chips off the table"...
When you told your clients words to that effect, is it true that you also had the long-term rating on MU as an "accumulate"? Yes or no?
In addition, wasn't there some remarkably precise 1-2 year quasi-moratorium on buying chip stocks...
...but is it correct to say that while those words were being reported in the financial press, you still had MU as a long-term "accumulate"? Yes or no?
Is that evidence for the pro bono hedge fund defense team attempting to make the "he's the best there is case"? <g>
Joe Kernan would be doing his viewers a great service by pointing out the above. And if his producers and editors can't get enough neurons firing to do that simple research there are plenty of hungry people from Columbia, NYU, and Missouri-Columbia who probably could.
Good trading,
Tom |
