Earlie, yeah. CNBC shows an amazing lack of "institutional memory" when it comes to some of their reporting.
Two weeks ago, the story is "chips off the table".
Today Maria B. scoots over to the MU post and announces the Kurlaking and yet fails to point out a point which may be of interest to some viewers: that the man while at the same time crying "chips off the table" several weeks ago, still had this stock as a long-term accumulate.
I find that interesting. Maybe I'm the only one.
My criticism of her isn't of the "hey, you suck" variety. It's more like "c'mon, you're better than that. Strap it up and do a better job."
Same w/ Cramer on Kurlak. I really like the guy and respect him, but I think you can still do that and say "look, you may be better than me, but on this one, I think you're less right than you think you are, and here's some of the evidence that would lead me to that conclusion."
Kurlak downing MU - no surprise factor. It's in his doghouse. It's teed up after missing its number, so who wouldn't expect him to take the driver out of the bag and take a swing. Based on today's trading, he hit a worm-burner. He also seemed to have hit a worm-burner the last time he cut INTC's #'s. IMHO, the ALTR call was more Edlestone's and the company's than his.
Good trading,
Tom |
