InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 86.10

+5.4%

Nov 10 3:59 PM EST

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To: Jeff Dryer who wrote (12374)	9/24/1999 9:50:00 PM
From: V.	Read Replies (1) of 28311

I'll be sure never to get on your bad side! ;) All you said is true though, and analysts are not held responsible for the damage they cause and the misinformation that they disseminate. It's just part of the game. Their game - which is to instill emotional reactions of panic/fear or elation in shareholders of companies about which they know very little much of the time. Today it's overvalued and tomorrow it's a strong buy, depending on how quickly they and theirs can get in and out of the stocks themselves. I do not run around screaming, "Manipulation!" but it makes no sense as to why any of these prominent brokerage houses would allow such total crap to be made public by their analysts besides what I'm suggesting above. They need to be held responsible for what they say and back-up their assertions with the numbers. Either there is no real research and/or understanding of the very companies on which they are reporting, or these people need a crash course in elementary mathematics. Many of the members right here on SI have a much better handle on financials and valuations analysis than these supposed 'experts'. They understand the meaning of the term "DD". It's pathetic. A retraction/correction is in order and if the tables were turned, law suits would be flying. The same standard needs to be applied by all. Take some responsibility for what they write, or take the heat. That's what's needed here. Though investors should be responsible for their own decisions, the effects of misinformation in the media should not be discounted. The brokerages are being paid handsomely by their clients to provide a service and when they abuse that responsibility, only they are to blame. The effects on the overall market due to such comments can wreak havoc on even the most well-informed investor because when big money talks, many will listen regardless of whether what they're saying is BS or not. IMO.

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