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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: 2MAR$ who wrote (117468)11/28/2000 6:00:24 PM
From: Dave Gore  Read Replies (1) of 120523
 
2Mar, I became very suspicious of analysts price targets when they stopped quoting timelines, such as 6 month price target of XX.

That wreaks of lawyers and "cya" B.S. After all, I guess they could always say that they meant that the stock would reach $200 in 5 years or "someday". It is pathetic.

One other possibility - it may not even be the analysts doing, so much as their bosses who wanted to set up great shorting positions for their clients or sell excess inventory they took on. Some think that but I don't know that for a fact. Wouldn't surprise me though if that kind of thing goes on.

Anything analysts say is not worth crap except for (sometimes) the very short term, imo.
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