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Microchip Technology Inc. Message Board

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  • philippians4and13 philippians4and13 Oct 11, 2002 5:43 PM Flag

    4 newsletters sold MCHP from portfolios

    To the "buy" advocate who replied today on this post:
    I agree the newsletters preceded October. But (a) the ratio comparisons were from today's Multex and thus as current as I could find; (b)why would a newsletter recommend selling MCHP in August or Sept. if it thought it would rally and then sustain the rally anytime this year? Newsletters are not daytraders; and (c) who among us believes the last two or three Octobers have been a good month for U.S. stock market in general and growth stocks in particular??

    People may disagree with a bearish view on MCHP; so be it. They can have their honest opinions. IMHO, the data is bearish for this year. If you profit either long or short on this stock, please consider giving some of the profits to your favorite charity.

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