MANIPULATION IS RAMPANT --- Can We Stop It? 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.

Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 10K a day who wrote (342)	6/13/2002 10:33:16 AM
From: Dave Gore	Read Replies (3) of 589

ANALYST's EXPOSED ---- I love it! I'm not a big fan of CNBC as most of you know. But, once in awhile they provide some classic insight. In case you didn't hear, Mark Haynes really pointed out how useless analysts are this morning. I loved it. In his typical dry manner, he picked on a couple firms who were upgrading TYC today. Also IBM. I love to pick on them too, because they really deserve it! Merrill Lynch put a "Strong Buy" on TYC at $58 (its high) and didn't downgrade it until it reached $16! JPM had a "Buy" on TYC at 50 and didn't downgrade until it hit $10! US Warburg had a "Strong Buy" on IBM at $125 and just reiterated today a "Strong Buy". I guess they have to get it right sometime, huh? I suppose this is nothing new, but just reinforces what we all know. Why analysts carry as much weight as they still do is beyond me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next