As I was reading that message, which if I am correct came from The Street.con, I was also doing a little subjective reasoning. What I recalled was just last week we all heard Mr. Crammer talk about a position that he had in Bay which "was not working."
My suspicion is that this new story was leaked and that the subsequent headline found on the Street.con was all deliberate attempt to shake the market for some cheaper shares. A look at the closing Bid on Bay shows that somebody was trying to pick up 20,000 shares and a look at the afternoon lows shows that there was an awful lot of distribution and accumulation going on at 29 1/2.
Mr. Crammer is surely no fool and he obviously knows the markets very well and individual investor's gullibility even better. What ever value that short circuit theStreet.con provides, is surely less than table scraps from what the editors are getting.
The fundamental story at Bay remains very bright and, yes, there are some minor short term concerns. The prudent and patient investor will be able to ignore the noise eructing from these markets and will focus on the fundamentals which drive this company, new products and leading and innovative technologies at competitive price-performance.
When you hear that inventories are building for abnormal reasons, or orders are being canceled, or reports that performance is not up to spec, or product can't be delivered because of manufacturing difficulties, then sell, because the rest is all just expected systematic risk.
Product, production and performance are what ultimately drive these stocks, not seasonal or economic variability. Right now, Bay has all three P's firing.
Wayde. |
