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From TheStreet.com Network
The Street.com's Jim Cramer says that they should recognize that what's more important than being a bear is being right.
Ah, the lot of the bear is a beautiful lot -- never wrong, always having fun at the bullish optimists, never going down for defeat. For them, every day is a day when the St. Louis Cardinals will face the Boston Red Sox in the World Series, even after they have been eliminated.
Cases in point: two reports yesterday on Texas Instruments (NYSE: TXN) (Cramer's Take) from the Joy Luck Bear Club, Christopher Danely from JPMorgan and Alex Gauna from JMP Securities. Both of these gentlemen have fought the good but totally wrong fight against Texas Instruments. After what was a monumentally good quarter for the company, Gauna, who has Texas Instruments as an "underperform," raised his price target dramatically from $16 to $18. That would be totally in keeping with the direction of the earnings (way up), except that the stock's at $23.50.
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