Banc of America may lose half a billion on INTC
Banc of America pumps INTC with a target price of $25. Doing our regular exercise, we found that B of A is a bagholder of 38.215 million INTC shares . With fast dropping revenue and products that are five generations behind AMD, INTC target price is $14- $16. My projection is operating loss for INTEL from 3Q06 onward. INTC will fall substantially after its April 19, 2006 earnings report. B of A is expected to lose at least half a billion bucks on INTC.
I will watch B of A's INTC holdings for the next quarter. If it dumps INTC, then this is a securities fraud called pump and dump. And we shall report Sumit Dhanda and B of A to the SEC.
posted by Sharikou, Ph. D. @ 3/28/2006 08:09:00 AM
5 Comments:
As of Dec 31, 2005, GOldman Sachs had 5.66294 million shares of AMD, a 69.01% reduction from previous report; B of A had 1.435578 million shares of AMD, a 30.64% increase from previous period.
If they increase their AMD holdings in the enxt six months, that will also be evidence of fraud.
Oh, great job!
We need more guys like you.
Little guys need help...
Typical arrogance shown by some Intel fan, We are the consumer, AMD gave us what we wanted, Intel told us what we could have, now we cant stand their whinning.!
go figure?!
Accoding to the newest report for the period ending 3/31/2006, Bank of America sold 14,512,670 shares of INTC or 37.98% of its holdings. B of A now holds 23,702,429 shares of INTC.
Checking B of A's holdings on AMD, we found that BofA increased its position on AMD by 76.33% in the same period (2,531,425 1,095,847 76.33% )
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