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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: puborectalis who wrote (53670)12/30/1999 9:03:00 AM
From: Bryan   of 108040
 
Well it appears that EXTR is filling the artificial gap to $90 created recently by the MSDW analyst.>>>

PLEASE READ

Re: Analysts and price targets
I have said this many times before and it has gotten me into a few arguments...oh well.
  Just keep this in mind, Re: analyst targets.
  Their bonus pools are funded in direct relation to how 
  much brokerage is generated at the firm. It is in their
  best interest to create an environment that is conducive
  to that scenario. They play us as badly as MM's and
  specialists do....that is a FACT.


I have friends/contacts at some of the large investment houses, so I know beyond a shadow of a doubt that the above is very true. FWIW, I was able to locate in print where this has been proven in the past. This is from an absolutely excellent book, and I am going to read it again next year and I highly suggest that you take a look at it too.

CONTRARIAN INVESTMENT STRATEGIES
1998 David Dreman
ISBN 0-684-81350-5

I hope this is legible....I'm not the best at scanning things.
An excerpt from the book:
member.aol.com

Best regards,
B
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