Merrill Lynch votes AMD strong buy, Intel strong sell
Joe Osha re-iterated his "sell" rating on AMD today after the landmark DELL-AMD alliance. However, Joe Osha's firm, Merrill Lynch is dumping massive amount of INTC stock and on an AMD stock buying spree. Merrill Lynch increased its AMD holdings by 475.58% in the March quarter, when its analyst Joe Osha kept a "sell" rating on the stock.
Increasing a stock holding by 475.58% is super strong buy.
Similarly, Sumit Dhanda gave a $25 target for INTEL, but Bank Of America is strong selling INTC at a huge loss. Bank of America was strong buying AMD, increasing its holdings by 76%.
posted by Sharikou, Ph. D. @ 5/19/2006 11:17:00 AM
12 Comments:
This "Crook's Corner" column should be a regular weekly feature of this blog. Exposing these crooks will shed the light to the true vlue of AMD and INTC stocks. Are we looking for AMD to be 55-60/share by year's end?
"Never ascribe to malice that which is adequately explained by incompetence." «N. Bonaparte»
What happens is that the guy who buys shares for Merrill Lynch internal investments (lets call him Mr. X) is not (and is in a different division than) Joe Osha. Mr. X makes his own analysis (which is not published) and reads the analyses of Osha and others. Based on all that information, he makes the decision that will maximise the return of his investments (in this case, decrease Intel and increase AMD).
Joe Osha's work, on the other hand, is to make his analysis, and publish it, that is it. What is even more, Osha and Mr. are forbiden to talk about Intel, AMD, ATI, nVidia, VIA, SiS and such.
Therefore, the explanation can be: Osha is incompetetnt. Osha arrived at his peter's level.
That is why Merrill Lynch behaviour may not necesarily match Osha's sugestions.
On a somewhat related note. Not necesarily the amount of money Merrill takes out of Intel goes to AMD. Maybe is less (some funds divested to VIA, ot to cotton futures, for that mater) maybe is more (the buyer sees AMD as a better investment than cotton futures).
Cheers
Come on, Mr. X and Mr. Osha live under the same roof and eat the same food from the same provider. BTW, N. Bonaparte killed a lot of people, was a complete failure, jailed, exiled, and died. Don't listen to what he said.
But Sharikou, didn't you say that Joe Osha was one of the smartest analysts, per your blog? Why the sudden about-face?
Mr x and Joe work for Merrill Lynch, I'd say that "Merrill Lynch are crooks don't invest with them" start saying that too loud and one might see
a change inpersonal.
But Sharikou, didn't you say that Joe Osha was one of the smartest analysts
Well, a good crook is usually very smart.
http://www.newsmax.com/archives/articles/2003/5/28/144253.shtml
being crooks is not new to Merrill Lynch they wrote the book!
"BTW, N. Bonaparte killed a lot of people, was a complete failure, jailed, exiled, and died. Don't listen to what he said."
Did you mean to say a joke?
I'm not defending Mr.X or Joe Osha here. But I think what you said clearly went out of line. :-p
(p.s. I'm no French, either.)
When Joe Osha was speaking positively about AMD, Sharikou had this to say:
"Even though Joe Osha downgraded AMD to sell at some point, I said repeatedly that he is one of the smartest. I can see that just from his writings, the ability to learn and the ability to correlate discrete pieces of information into a logical and coherent conclusion are essential measures of intelligence."
Now that Joe Osha has downgraded AMD to sell, Sharikou has this to say:
"Joe Osha and his firm are treacherous. Joe Osha re-iterated his 'sell' rating on AMD today after the landmark DELL-AMD alliance."
Seems like we have a case of AMD bias going on here.
Joe Osha and his firm are treacherous.
My position on Joe Osha has been extremely consistent. From the very beginning, I said he is smart yet treacherous. Search Joe Osha on this blog, and you will find the old comments. You have to realize that Joe Osha maitained his sell rating on AMD in the last year or so.
Joe Osha could do better and make better projections. But he is pretty much a running dog employed by big money to manipulate the market.
Nice find, sharikou.
I can't believe we're in 2006, yet there are no major sites that track analysts ratings, the subsequent performance of the shares, and what trades the analyst's firms made during the same period.
It's all public - the right exposure could "fix" the situation.
http://www.newsmax.com/archives/articles/2003/5/28/144253.shtml
the crooks link
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