Broadcom (BRCM) Message Board

STOCKTALK

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.

Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bvinnieb who wrote (4670)	11/19/2000 1:55:51 PM
From: Bob Kim	Read Replies (2) of 6531

Vinnie, Most broker/dealers have some restriction on what trading they allow on a stock following a ratings change. Customers are not restricted, but employees typically are for a limited period of time. For example, ML employees can't do personal trades in a stock for 24 hours following a ratings change. The real problem is with the ratings systems and price targets. The media give them too much weight especially in light of the fact that both things are often determined on some sort of whim. Back in July, CNBC didn't question ML about their pounding the table call on BRCM in the $260s when the ML price target at the time was $205. It was raised to $300 the next day. No one in the media questioned ML about making ICGE one of their Top 10 tech picks at $170 when their price target was $62.50. I don't see how you can justify recommending purchase of a stock when your price target suggests it is going down. The reality is that many ML analysts just follow the stock price and set up ratings and price targets to fit ML's criteria. Sometimes, the price targets are changed on behalf of the analysts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next