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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: zonder who wrote (1102)5/12/2003 4:36:35 PM
From: Earlie  Read Replies (1) of 4905
 
Zonder:

Ah, First Call data is derived exclusively from the analysts' latest forecasts. First Call receives an increasing number of calls from analysts as a given "numbers release" day approaches. And as Mike noted, the analysts "fine tune" (i.e., bring down their forecasts to about one penny below the number that gets reported), sometimes as late as the morning of numbers release. Fortunately, there are never any "midnight phone calls" (forgive my reference to an old joke from the MB thread days) that might account for this remarkable accuracy. (g)

Best, Earlie
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