Shlomi Cohen is a well known Israeli analyst and columnist. People lost much money following his advice, among them, myself. But he is persistent. Once more he advises ORCKIT a communication hardware company. Once its price was 140 $/share, today is about 3 $. Its sales are about 20 million $, like a small supermarket. Its CEO, Itzik Tamir, is promising (as he did in the last five years) that large clients are just about to buy its products. Lets hope so.
Tower is a chip fab with 600 million $ debt, that continues to lose money - although less than before. Russell Allwanger the mormon CEO says that he only plans but the results come from God. Anyway, the share rised from 0.13 $ to about 1.2 $. Shlomi toured the plant, loved dressing up as an astronaut but observed little except that there were empty spaces in the floor and more machines could be crowded in. Lets hope that they will continue growing.
Follow Up (March 1st.): Orckit up 12%, TSEM up 5%. There are rumors that there is a fight for control within Orckit, and that TSEM is about to make a purchase - another chip company.
Follow Up II (March 2nd.): Orckit up 20%, TSEM up another 4.5%. What can one say?
5 comments:
Even a stopped clock is right twice a day.
K
You mean that he may be right ...?
I really don't know, but if you make the same prediction over and over, eventually it may come true.
Maybe I was brainwashed by false teaching but when I attended the Wharton School of business, we were taught that in the long run it is impossible to predict the stock market - on average all stock market predictions are no better than Koko the ape. Those who pretend to have a crystal ball are like gypsy fortune tellers, who make money by deceiving you into thinking that they can foretell the future.
K
TSEM and ORCKIT have added some 5% each in the first trading hour.
Koko The Ape was right! Orckit up 20% today!
Post a Comment