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Technology Stocks : Apple Inc.
AAPL 272.16+0.1%3:59 PM EST
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To: Dave who wrote (28908)9/29/2000 5:23:27 PM
From: y2kate  Read Replies (3) of 213176
 
Well said. There is no reason for this kind of thing to hit them like a tsunami. So why does it happen, time and time again? The big earnings "surprise" hits- highly paid, high profile analysts profess shock and make the downgrade- after the impact has been absorbed by the stockholders, of course. Over and over and over again. Upgrades are issued to coincide with overextended moves in a stock, which are typically followed by a big drop. How familiar is this by now? IMO the real function of this group of people called "analysts" is to distract and smokescreen the real activities of the brokerage houses. We're laughing at them-see how inept these high- paid analysts are! and feel good about ourselves. But I think this kind of ineptitude is tolerated for a reason- cutthroat brokerage houses aren't known for their forgiving attitude towards incompetence. They are capable of hiring people who know how to seek out and correctly interpret the kind of data you're talking about. But then, we all would have known what was coming down the pike for Apple this quarter, and whoever made money off this fiasco would have lost their advantage. Do I sound paranoid? <g>
It's all a big game, right?

Curious- did you buy any AAPL today?
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