Larry, don't you know the rules of the "spin the CNBC reporters" game by now.
Good for MU - CNBC reports it.
Bad for MU - it's ignored, or if it's reported it's reported with half-ass accuracy.
Most recent evidence:
Bob Pisani, possibly the worst on-air "talent" they have (IMHO, to call him grossly inept would be kind; if I were running CNBC, that kind of deadweight would be pruned within my first hour) in the days surrounding the Lehman downgrade does not report that. What Bob Pisani reports instead is the "double-bottom", yet from what I recall fails to report anything about DRAM pricing. That's half-assed reporting and it's embarassing that the guy is still polluting the airwaves with his incompetence. The guy should be doing "human interest" stories on the 3rd place local news show in rural Iowa.
C'mon, how much more obvious does it have to be?
Someone wants MU up, they'll feed these dolts anything to keep it up, and they'll keep doing so until they've gotten it where they want it and then the plug gets pulled.
Tom Kurlak, who after John Lazlo's moronic call on ALTR, is starting to actually look downright sensible for his caution on the sector, is absolutely right when he says that it pays to study human behavior.
However, the behavior of rats is much simpler to understand <g>
FWIW, Lazlo "initiated" ALTR, XLNX, LSCC and INTC w/ buys.
I guess Lazlo likes companies expected to show flat, at best, revenue growth for several quarters (although if I were a long-term investor, I'd hold INTC and just fall asleep for 5 years).
Good trading,
Tom |
