Well, not long ago when LU hit $78, some analysts predict LU will hit $90 pretty soon. It is the same LU and it hit $59 last Friday, and this time the analysts predict it will hit low $50s, So , what is the difference between LU of two months ago and now ? Nothing is different, the same managing teams, the same products and the same strategy . Then , why there is such big difference in prediction ? Well, you got to remember , the major job functions of those so called analysts is to manipulate the stock price , and those investors of no brains to follow!!!How can the street.com know the internal LU accounting system from external ? Well, probably some of LU's insiders worked part time in Street.com , that is my best guess, and all those speculation on accountings, prediction of price by those so called analysts are just BS to me. If those analysts really can predict the stock price , they do need to work as analysts anymore, they can all retired in their early ages. However, there all those fools, investors of no brain to follow their predictions, rumors, speculations , and this make these so called analysts still employeed. The easiest job nowadays is to be a stock analyst / stock fortune teller, it has no legal liability, and what you need to do just based on the previous earning patterns and give a number , say
estimation of $20c for the next quarter , and the rest of the hot ball drops on the company to meet this estimation, and this game just go quarter after quarter. I can be an analysts too.
If you believe the internet business will explode in the next 10 years, and companies like LU, CSCO will benefit most from this industrial trend , well, just hold these stocks in the next 10 years, and you will not regret . Just forget those analysts, and turn off your TV on CNBC, and hold your stocks tight , no matter what , do not sell. If you want to win , you have to be in the party . People hold 1k shares of CSCO , and do not sell a single share
in the past 9 years can retire now, the same 1k shares turned to 180K shares after all the splits , the next 10 years will be even bigger !!!! |
