Yup, and they are the same outfit that spread the hype and upgraded LVLT to Strong Buy on August 25th, 2000 when it was at $60:
biz.yahoo.com
What were they smoking then, and what are they smoking now? They are basically admitting that their research was bullshit. Not that I am surprised, as it is an analyst's job to trick you and take your money. Are they tricking us now?
Either way, its a moot point for me, I'm playing LVLT for a DCB and if I don't get it in a day or two, I'm gone. I just feel real sorry for everyone that defended, averaged down or bought the stock in the past 6 months. Analysts lied all the way down and I bet they are lying now.
If the analysts were professional athletes, they would have been bumped down to the minors, because their calls have been just so bad, so wrong, and so biased. They are sewing their own demise, who listens to analysts anymore?
Tom |
