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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?
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To: Barry who wrote (2206)7/12/2004 9:45:43 AM
From: The Ox  Read Replies (1) of 2313
 
ML downgrades the semi equip sector before any good news can come out of Semicon West. Seems to verify my earlier point that the analysts don't want to be wrong...so they'll "make themselves right", one way or another.

However, I do think there is a concerted effort by the entire analyst community to keep downward pressure on the SCE industry. I believe that most of this negativity is caused by the fact that the analysts don't want to be wrong. They have been telling everyone to get out since November of last year, right at the point where the industry started to show REAL improvements in billings and forward orders. What better way to "justify" their calls then to create FUD by downgrades?
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