Jules - Re: "Are you paid to be here? I suppose you deny kurlacks good calls. "
Since you obviously disagree with my projections, you resort to allegations that I am paid to be here. How juvenile, Jules.
As for Kurlak's calls - how many times in the past 4 months has Kurlak said Intel is headed into the low $60's. And where is Intel today? In the low to $80's.
Kurlak predicted the SOXX index was going to 200.
Where is the SOXX index, Jules? It's at 266.7
So in your mind, you think Kurlak has made all the right calls all the time.
Dream on, Jules.
DREAM ON.
I suppose you think Kurlaks' call of May 7, 1997 was a genius call when he predicted Intel would go straight up just 3 weeks before Intel preannounced an earnings short fall last year (May 31,1997) and the stock plummeted by 15 points. His GREAT CALL is posted below.
Pay particular attention to the part where he predicted a HUGE second half in 1997.
Great call, wasn't it Jules?
But you probably only remember when he reversed himself 6 months later? In your mind I suppose he was 100% right instead of being correct once and wrong twice, huh?
In case you hadn't kept score, Kurlak has been wrong as much as he's been right. He's predicted Intel to go up when it actually went down.
And most recently, he's predicted Intel will go down when it has gone up. Everytime in the past few months that Kurlak has bashed Intel, Intel's stock has dropped (I don't dispute that) but has subsequently rebounded strongly.
Like I say - he has a record no better than one could achieve with flipping a coin.
And one day, Kurlak will be gone, long forgotten, having contributed NOTHING to society, having created nothing except money for his employers by tricking investors into becoming traders and buy or sell their stocks on his recommendations, only to increase the wealth of Merrill Lynch on the transaction fees of panic buying or selling.
Perhaps you are disgruntled because you have followed Kurlak's pied piper advice and found your self selling Intel's stock after it has plummeted, creating Kurlak Losses in your acccount, only to see the stock rise again, and those who refused to panic maintaining their investment wealth. Yes, that would make anybody mad - to be played the fool to Kurlak's whimsical mumblings.
You may worship such sloth and worthless pursuits of analysts, but in ten years, Intel will most likely still be the pre-eminent semiconductor manufacturer and Kurlak will be just another former Merril Lynch shukster.
Paul
{=================================}
Tech Stocks Rise on Boost From Merrill Lynch
(5/7)
By MARGARET D. WILLIAMS
c.1997 Bloomberg News
EW YORK -- Technology stocks rose Wednesday after
several Merrill Lynch analysts said demand for
semiconductors, computers and software remains strong.
''The Merrill technology team came out positive this morning
and it looks like it's lifted the stocks,'' said Mike Driscoll,
senior block trader at Hambrecht & Quist. Shares of Compaq
Computer Corp. rose 2 1/4 to 92 1/4; Texas Instruments Inc.
rose 1 7/8 to 93 7/8; Motorola Inc. rose 3/8 to 61 3/8; and Dell
Computer Inc. rose 1 5/8 to 91 7/8.
The Merrill Lynch technology analysts and chief investment
strategist spoke to institutional investors on a conference call
earlier Wednesday.
Analyst Tom Kurlak told clients that Intel Corp., which was up
2 to 160 earlier, will benefit from a shift to production of more
MMX products, which are the new chips that include
multimedia features.
''They are ahead of schedule,'' Kurlak said, adding that he
expects 75 percent of the chipmaker's production to be MMX
chips by the end of June.
''He thinks they are setting up for a huge second half,'' said
Peter Williams of L.B. Burtschy & Co., who was on the call.
Kurlak also said the reported flaw in the Pentium II and
Pentium Pro chips probably will have a software fix soon and
won't hurt sales.
Kurlak also recommended the stocks of U.S. memory chip
makers Micron Technology Inc. and Texas Instruments. He
said Micron is boosting its production of chips and that prices
for memory chips are stabilizing.
''Demand for memory is very strong,'' Kurlak said.
Merrill analyst Lucianne Painter said on the call that personal
computer makers will benefit from a strong corporate
upgrade cycle with new Intel chips and Microsoft Corp.
software.
She said direct vendors will do especially well, and that
Compaq's stock is the best value in the group.
(The Bloomberg web site is at bloomberg.com )
NYT-05-07-97 1818EDT< |
