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Open original source ↗Bernstein is basically the institutional version of Jim Cramer:
Tells retail Kioxia looks like it’s going to crash, gives a -50% PT.
Bunch of retail sells.
Stock proceeds to skyrocket right after, with another +12% today. https://t.co/kcdO6PlZ7b
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Bernstein is legit the dumbest analyst firm I’ve seen calling for a 50% crash in Kioxia. They gave $INTC a $36 PT back in Jan and now it’s $118. Good lesson to ignore institutional reports that get published for retail consumption. They’re not here to help retail investors.
aleabitoreddit ↗