CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ted David who wrote (8672)	6/20/2002 11:06:45 AM
From: Gary Sanders	Read Replies (1) of 17683

Hi Ted: Kudos to Mark Haines for showing a chart of the GAP and marking the points where one of the analysts who made an upgrade today has made previous upgrade & downgrades. It clearly demonstrated just how bad the analyst/brokerage recommendations were. They were almost perfect contrary indicators. With almost perfect accuracy, he made upgrade recommendations at tops & downgrades at bottoms. Anyone following these recommendations would have lost most of their money (considerably more than just buying & holding this stock at almost any point in time). It would be nice and provide a real service to your viewers if this could be done on a regular basis each time a analyst/brokerage recommendation is noted. It would be nicer if there would be some way to quantify this such as putting a monetary value on each upgrade downgrade. Unfortunately that may not be possible since there is no consistency in between different brokerage wording & even within a particular brokerage, there is no definition of their terms (i.e. what does one do when going from a strong buy to just a buy). It simply amazes me that an analyst/brokerage with such an atrocious record will make another recommendation & that it will even now still move the stock. I also find it amazing that these analysts still have their jobs. I find it hard to think of any other industries/jobs where you could completely fail time after time & not only still have your job, but be treated with respect and as providing knowledgeable and useful information by the media and your customers. If you could bring up the idea of providing such historical information on a regular basis to the powers that be at CNBC, that would be appreciated. Cheers... Gary

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