SI
SI
discoversearch

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.
Strategies & Market Trends : Roger's 1998 Short Picks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Roger A. Babb who wrote (18587)4/16/2000 3:40:00 AM
From: Dale Baker   of 18691
 
Sell-side analyst ratings are like that white goop that used car lots have on the windshields of the lemons they are trying to push on unsuspecting buyers - GREAT DEAL! $3000 OFF TODAY ONLY! MINT CONDITION!

Sell-side prostitutes (I agree with Druss' characterization) have no responsibility for what they say. They don't have to buy the shares they recommend themselves. And as long as their calls generate trading actviity for the firm, no one grades them on whether they are right.

I get a weekly Robbie Stephens report on Web stocks. The way they have touted worthless POS dot.com's is a disgrace. Never any discussion about which might be vulnerable to a pullback. No talk about which have business models to last more than six months.

Just XXYZ reported $1.8 million in revenue, a 30% jump over our estimates, yada, yada, yada.

If analysts were any good you would have seen a ton of sell recommendations a month ago. But all they do is use the code word for general allocations. Drop stocks from 70% to 65% means get out now because we think a correction is coming.

It looks like a scummy way to make a living.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext