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Technology Stocks : C-Cube
CUBE 37.23-0.3%Nov 28 9:30 AM EST
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To: Greg h2o who wrote (45282)9/23/1999 3:54:00 PM
From: Black-Scholes  Read Replies (2) of 50808
 
You cannot assume that "they" are far closer to the situation. Analysts can sometimes be spectacularly wrong. Drew Peck was the same guy that issued a "sell" on Dell Computer - three and a half years ago. Let's see, if I were his client back then and owned a 1,000 shares, that would have "cost" me about a half-million dollars. Ya know the reason he gave for selling? Weak PC demand.

Point is: Analysts are just as prone to error as the little guys sometimes - especially in the internet age. That's precisely why capital markets are fairly efficient.
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