Darth, you know, it's funny, but Bob Pisani "reported" that MU had a good presentation at their main sugar daddy, Goldman Sachs, last month.
And now a few weeks after that particular conference "report" from Pisani we get:
1) Goldman downgrade from the priority (cough, choke...) list to the recommended list.
2) A whopping -227% downside surprise.
Can anyone point to any other source of info on the Goldman Conf. that would corroborate whatever it was that Pisani's source managed to foist on him?
Also, isn't it interesting that MU managed to RISE 53% from the time of its last earnings release while simultaneously posting a 1125% sequential decline over the quarter?
Why even bother with earnings? Just book Abbey Cohen on the LR show and get analytical mighty-mites like John Joseph and Dan Niles to tout the stock at their repsective technology conferences when their are plenty of willing buyers to heat the tape up...
...and maybe in a few years MU could become a "virtual company" in the fullest sense of the word, that is, one without fabs,products, or earnings - just Kip Bedard travelling from conference to conference, Steve Appleton testifying before Congress, and Street "research" commentary fueling buying/covering interest.
I mean, that's pretty much what happened this quarter and the stock got a healthy +50% gain, right? <g>
Good trading,
Tom |
