Bob,
You are famous:-) From The Wall Street Journal
"Despite Mr. Blodget's 75% caveat, his recommendations on individual stocks,
like those of many Internet analysts, got more bullish even as they led the
Nasdaq Composite Index to ever-more-dizzying heights. Today, he rates 12 of
the 27 stocks that he follows as "buy" (the rest are "accumulate"), compared
with just one buy rating for the 10 stocks he followed a year ago, says Bob Kim,
a former Merrill Lynch supervisory analyst whose Web site, Restex.com,
monitors Merrill technology research."
And more from Bob:
""Out of one side of his mouth, the message of caution," says Mr. Kim, "the other
side, buy the leaders." He describes the Blodget message as: "The risk isn't losing
100% of your investment now, it's giving up 10-times gains in the future." But,
says Mr. Kim, "it seems that so far, little of that has panned out except for the
downside part."" |
