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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: LPS5 who wrote (10140)5/5/2002 11:06:21 AM
From: Bob Kim   of 12617
 
And, as I'm sure you know, the analyst could always qualify his ridiculously bullish buy call at $170...

Could, but didn't. As you've noted, it's a game. The analysts, over time, learn to "work" the research system. In the end, it's the firm's responsibility and the analysts tend to know that. In this particular case, the firm made the stock one of its top 10 tech stock picks at around the $170 level despite the problematic price target.

save for one individual in particular who, working for a large securities firm, attacked the company's prospects from a debt perspective

Did you know that Merrill's converts analysts removed Amazon converts from their model convertible portfolio in August 1999?
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