mb:
"Big Dan's" been in the hot seat ever since Gretchen nailed him to the cross (courtesy of our own SI contributors David, Tom, and SB), for not revising his "model" even after being forced to own up to using the wrong numbers. What arrogance!
I also think that even Dan has heard of the free-fall in spot market pricing in Dram chips over the last few weeks.
What a nice situation. The company sells boat loads of product below cost, it must somehow deal with buckets of debt, they have plants that need to be up-graded, there is a glut in the market for the company's produced products, two big gorilla's are competing to sell the stock at the bid, and a cast of hundreds of smaller funds are all quietly trying to sneak out the back door. Might the stock head a bit lower yet? (heh, heh, heh).
MB, SB, yours truly and a few others on this thread have had this turkey's number for many moons, so I for one will enjoy watching these rogues tripping over each other to downgrade their forecasts yet again. Niles has been playing the pump-and-dump pimp role for some time. Glad to see him brought up short by his own misdeeds. While not normally vindictive, I'd enjoy seeing this bounder turfed out the door.
Best, Earlie |
