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Technology Stocks : Micron Only Forum
MU 241.14-6.7%Dec 12 9:30 AM EST
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To: Skeeter Bug who wrote (27702)2/3/1998 8:02:00 PM
From: Thomas G. Busillo  Read Replies (1) of 53903
 
Skeeter, that's exactly what my CA says.

Look at the story that's being painted this cycle:

Ralph Acampora is now touting it.

Abbey Joseph Cohen is touting it. In fact, she's so hell-bent on touting it she can't even get its market-cap right ("mid-cap" my [posterior]).

First Boston ups it.

John-Boy Joseph ups it then comes out with a dramatic estimate increase while he has the big money on his home court.

Add it up, and it comes out to "this is such an obvious no-brainer. How can anyone not buy this stock, let alone short it?"

It's just a little too obvious.

It's almost an exact repeat of the July-August short-squeeze fueled by Niles and Kurlak following the Robbie Stephens Conf.

1. Bedard presents.
2. Niles touts it the next day.
3. One week later Kurlak issued his 20% upside.
4. A week later the plug is pulled.

This time...

1. Bedard presents last Tues. @ the Monty Conf.
2. Joseph touts it the next day.
3. One week later Acampora (the TA TK) touts it, and makes a note of the fact that he is doing so in tandem with new coverage, calling it "a one-two punch" (which I interpret as a not-so-subtley-veiled FU to all the shorts).
4. [To be determined]

I find that to be a somewhat interesting "dramatic arc".

We'll see if the denouement is similar <g>

Good trading,

Tom
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