ML Krulack gives Semiconducters a caution beware today. So much for him reversing his position and upgrading the sector. This will proberly hurt Lsi momentum. I guess he just dont see what others are seeing I think his pride is getting in the way.
Is Krulack the same clown who downgraded Intel last year just a couple of days before INTC announced record earnings? The downgrade was reversed a couple of days later. What kind of graphing do these guys do? Tea leaf vector analysis?
I actually think the market may start to ignore him. He keeps reiterating he bad call because, eventually after the nice run-up there will be some profit taking. If you keep making a call long enough you'll be right. He's so focused on being right that he's lost perspective.
Probably will get some downside today, but think it won't last. The market has ignored his calls except for single day impact lately.