Wednesday, September 27, 2006


Position Updates: RACK

Rackable Systems downgraded to sell:

Rackable Systems-RACK downgraded to Sell from Hold on valuation@Matrix Research

shorts getting slaughtered in FOXH
The pessimistic Money that came out of oil/natty gas went short the market, these positions will be covered pushing us higher. Watch your shorts.
The oil money went to high multiple tech. Whoever told you it went to short the market is not in the business.

Managers who have been burnt, have tried hard to save their quarter by placing bets on tech. And it worked.

Beware of profit taking. These guys hold no prisoners.
What do you think of INTC through 3Q earnings? A coin flip?
I kind of like INTC here. I own it for a long time and consider it part of my family.

Meaning: I will never get rid of it.

However, besides INTC, I am VERY skeptical on the semi's earnings power this qt.

We may get hints of what's to come with the LRCX qt.

I believe they are the first big semi to report.
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