Tuesday, May 16, 2006

Bank of America, Bear Stearns and Merrill vote AMD strong buy

We talked about Goldman Sachs James Covello's pumping of INTC previously, at that time I recorded Goldman Sachs' INTC holdings at 53.5 million shares. Today, checking www.nasdaq.com, we can see that Goldman Sachs dumped 19.544571 million shares, or 36.47%, at a huge loss.

I think the government should lock such frauds in jail for the rest of their lives.

The following is a list of prominent INTC dumpers :

FMR CORP: dumped 128.854 million shares or 60.66%
WELLINGTON MANAGEMENT: dumped 33.987 million shares
PUTNAM INVESTMENT: dumped 30.918 million shares
MELLON FINANCIAL: dumped 22.124 million shares
James Covello's GOLDMAN SACHS: dumped 19.544 million shares
Sumit Dhanda's B of A: dumped 14.512 million shares , or 37.98%
Joe Osha's Merrill Lynch: dumped 40.52% of its INTC, or 9.652 million shares
Legg Mason, who foolishly bought 60 million INTC in 4Q05 when it was $26, started unloading with a loss

For AMD, Joe Osha's Merrill Lynch incerased its AMD's holdings by 475.58%,
Gurinder Karla's Bear Stearns increased its AMD by 758.69%, Sumit Dhanda's B of A increased its AMD by 76.33%.

* All data above are based on reports for the March quarter.


Anonymous Anonymous said...

S & P has a target of $50 ..and a strong buy ..but that is the least to say of AMD ..where it stands now ..ready to take off..
I cant believe folks like Sumit dhanda .I guess all he thinks is of his paycheck ..I am sure ..even that would be in trouble sooner or later ..

11:28 PM, May 16, 2006  

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