Friday, April 07, 2006

Deutsche Bank AG to lose $1 billion on INTC

AMD will report 1Q06 results in a few days. Ben Lynch @ Deutsche Bank (DB) downgraded AMD and upgraded INTC again. Doing our regular crook check at, we found DB increased its INTC holdings slightly to 71.262 million shares. DB probably bought even more before INTC's 20% crash after January 18, 2006.

We thought Ben Lynch was smart, but it turned out he is a retard after all. It now seems that DB was selling INTC in September 2005, then Ben Lynch got them to buy more at $26 afterwards. I can imagine Ben's boss shouting at him day and night.

My advice to Ben Lynch: dump INTC at a loss and buy AMD, you can still triple your money.


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