Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (1218)	5/14/2003 12:39:11 AM
From: EL KABONG!!!	Read Replies (1) of 4907

Grace, do you really think it was the analysts that purposely gave companies estimates that the companies could beat? I agree with your contentions. The analysts could not have done what was done without the implicit cooperation of the companies that were covered. You mentioned MSFT as just one example. You could of chosen CSCO or ORCL or nearly any other NASDAQ company and been just as correct. Interestingly enough, the so-called "old economy" industries (like Colgate or the rust-belt guys) never learned to play the game properly until the bubble was ready to burst. As usual, they arrived at the party late in the game... The bone of contention in my argument is that analysts (for the most part) did nothing to correct the situation. Why should they? They were being compensated far beyond any "reasonable" expectations, and besides, during the manic rush to irrational exuberance, there weren't too many voices in the governmental regulatory agencies crying "Foul!". So, the little guy was left holding the bag, in his rowboat, at the base of dam, proverbial seconds before the dam burst and flooded everything in its path... KJC

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