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To: AllansAlias who wrote (20363)9/21/2000 1:44:18 PM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
Re: The first thing I noticed after the open in tech's was the unwillingness for INTC to join the rally. Hmmm... I see just now that it has not changed its mind.

SOX is getting shallacked today. Pru being critical of TER is killing the whole sector.



To: AllansAlias who wrote (20363)9/21/2000 2:20:07 PM
From: pater tenebrarum  Respond to of 436258
 
well, if anybody has read Witlesston's latest "upgrade" reasoning on the heels of last week's downgrade, and has the ability to read between the lines (not too difficult in this case), they must conclude that he's telling them "business at INTC really ain't what everybody expected it to be. so actually my downgrade is my REAL assessment. guess why i upgraded a week later...you have three guesses. it wasn't really me. i was told to. this report is to save whatever shred of my credibility is left after this fiasco and let you know what i really think."

btw., tout TV reported that DeNiles came out with the umpteenth re-iteration today (talk about a broken record) and was "poking fun" at the BoA 'analyst'. he shouldn't have...just because he's following orders religiously doesn't really make him any better. nothing in these re-iteration calls contains anything resembling original research...Witless was at least trying to point out that there actually MAY be some problems and went on to enumerate and describe them to boot. that's a lot more useful as this "our price target remains X, business remains strong. buy, for the 500th time. "

it's like saying we think you guys are to dense to have understood us the first time, the second time, the third time...we have to remind you all the time to buy...

the ORIGINAL, first call was no doubt useful though, as the stock did perform well. even if it has done so for all the wrong reasons...certainly operating performance had little relationship to what the stock's performance seemed to imply. re-iterating this stance NOW borders on the irresponsible imo.

meanwhile the insiders continue to dump...