GVTucker,<<<but I have seen too many examples that analysts are trying to hold on to their power by becoming the "axe" on various stocks like Intel. And unfortunately the market is still reacting to that.
The market reaction only lasts between half a day, a full day max.
As long as you have a time horizon longer than that, an analyst won't have an effect >>>
Each time one of these analysts, backed by a serious financial institution (eg ML), issues a report or go on the air uttering very glibly, with seeming finality, something to the effect "we see the PC market over saturated, the consumer more and more favoring hand held devices, and without a driver to use more powerful computers, we view Intel as becoming more under pressure from competition and will shortly be giving away their products. Therefore we maintain our long term buy and short term hold.... ",
a number of investors are spooked and sell their shares. And, when the shares eventually recover as has been the history with Intel, these investors never come back. They are lost forever.
I will not mention names, but we have a contributor on this thread that had a large position in Intel (many years ago) and sold most of it, encouraged by Kurlak (I believe), and returns ever so often, whenever Intel stock goes down, and comes back kind of wanting to justify his original decision.
I am pretty sure people like Kurlak and the VLW Joe Osha have a lasting impact on individual investors and Money Flow goes out of Intel (and sentiment goes out) - never to come back.
Stocks like INTC seem to attract the likes of Kurlak, the VLW Osha, and Drew Peck; but I never see anyone dissing GE or SUNW. BTW, I'm not wishing a Kurlak, Peck, or a VLW Osha on GE or SUNW.
Mary |
