steve--
you really must live in a vacuum.
what a company HAS to report to the SEC is not necessarily what the public hears, nor is it entirely what wall st. cares about.
this wasnt something i heard. 66 cents was the CONSENSUS estimate. you make it sound like i pulled the number out of a hat.
i was negative on MU at the time, but the street wasnt. they didnt hide the fact that they only beat because of a nonrecurring gain, and that wasnt my point at all. my point is that contrary to YOUR OPINION (not fact) the street just cares about beating estimates, they dont care how it is done. i DIDNT reward MU for beating estimates, the street did. the stock went from the 30-40 range into the high 50's AFTER this report. now granted in some stocks, i do have enough capital to swing the stock around, but i do not have NEARLY enough capital to swing MU around. only the street and institutions can do that, and they did....contrary to what you are saying.
i provided the proof you so badly need to see. if you want to persist in missinterpreting my comments, be my guest. you have criticized me relentlessly about this, and i would have thought you would have the good graces not to give me an immature and naive 'lesson' on how the market works, especially since you dont have the understanding you claim to have.
good luck to all,
trey |
