aeb, i do not hide my disdain for mu management. while flaming is often inappropriate, it is the appropriate thing to do when dealing with beings from hades.
let me give you some examples:
1. kip said "demand for dram continues to remain strong" in the middle of the recent pricing collapse. the stock was in the high $40s. now, my issue is that i believe this was a purposeful misleading statement b/c demand, in itself means nothing. supply and demand is what is important. kip knows this. i knew this when he said it. within 2 seconds of reading that i was on the mu thread thrashing kip for misleading people. 2 seconds.
the gulli-bulls trusted kip to not come out and say something that sounded very bullish when, in fact, it was utterly meaningless. those trusting souls were beheaded shortly thereafter. but, for a moment or two, kip did hype his stock up to higher levels. not on fundamentals but through linguistic manipulation.
2. last december mu said they believed korea was nearly out of inventory. within 2 seconds after reading that i was the mu thread saying mu management all had dark brown eyes. this wasn't based on anything other than mu's desire to give false hope to the gulli-bulls. in the 10k they said they couldn't know their competitors inventory levels. hmmmm, then how could they make such a statement? they couldn't in good conscience. but, they never let a good conscience get in the way of their objectives ;-)
another stock manipulation technique, imho. since the mu gulli-bulls aren't winning any iq contests of late, they bought mu's crap and ran mu up about 60% to $39 on mu's "belief" that even mu admitted in their 10k was groundless.
they are now beheaded.
3. about 5 weeks before the 9/97 q mu management had a meeting with their analysts and a select few other people. mu proceeded to fall from $60 to $38 (22 points) AHEAD OF ANY NEWS. imagine that. insider trading? me thinks so.
4. mu will have a disasterous q this q. i strongly believe mu had another "guidance" meeting and their buddies are liquidating AHEAD OF THE NEWS ONCE AGAIN. mu is down 16+ straight trading days. the probability of that occuring, assuming a 50% chance of up or down and independence, is 1/65k.
mu cuts their dividend and doesn't tell anybody. mu doesn't account for lehi and then has the unmitigated gall to accuse the koreans of not accounting for currency fluctuations correclty. mu doubles their output, brags to whole world about it and then has the unmitigated gall to accuse the koreans of ramping up their production. and on and on...
imho, they are sleazeballs. the hype i can kind of understand b/c so many companies do it, though is still don't like it. the selectivity with which i believe they give out information to people is illegal, imho, and ought to be the topic of a nice fat lawsuit if not criminal prosecution.
you see, imho, this much financial pain couldn't be inflicted on a sleazier bunch of guys :-) this is how i really feel and i believe it is based on quite a bit of evidence. |
