Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Augustus Gloop who wrote (13355)	9/18/1997 9:32:00 AM
From: John Kratus	of 61433

A Merrill Lynch analyst, Tom Kurlak, did the same thing to Micron Technology. He pumped it up to 60 with repeated strong buy recommendations. Then a few days after his latest buy rec, he suddenly turned bearish with no new news to account for his change of heart, and the stock fell to 40. ML made money on commissions in both directions. WS lauded him for his excellent ability to call the turns in the stock. But in fact, he didn't predict the turns; he caused them. An analyst's job is to generate revenue for his/her brokerage. Apparently, the analysts who follow ASND have earned their paychecks recently.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next