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Technology Stocks : Semi Equipment Analysis
SOXX 328.78+2.9%Jan 9 4:00 PM EST

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To: Return to Sender who wrote (10917)8/9/2003 11:31:26 AM
From: Gottfried  Read Replies (1) of 95703
 
RtS, meeting expectations: I guess the rationale is as follows...

1. analysts estimate earnings
2. investors trust analysts' estimates and value stocks as if analysts' estimates had been achieved
3. analysts change estimates up or down and investors adjust stock prices accordingly by selling or buying
4. company releases earnings
5. if analysts' estimates are met, analysts say "not surprising" proving how smart they are; if estimates not met, analysts do not admit overestimating earnings, but simply downgrade stock.

PS: I renewed StockCharts Extra but not Murphy. His market opinion was added free last year, but now costs extra $. Murphy is a good chartist but misses in interpreting VIX. He doesn't go back far enough. stockcharts.com

Gottfried
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