Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

3:59 PM EST

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To: sunfish who wrote (21314)	11/5/1997 7:09:00 PM
From: sepku	Read Replies (2) of 61433

>>>They certainly tout stocks as their clients sell, and downgrade them as their clients buy. If you haven't noticed this, you need to take another look. I'm not saying every analyst does this on every call, but they do it often.<<< That's what I meant when I said that there are, of course, some crooks among their ranks. I don't believe it is that they call the opposite of their intentions most of the time, but rather that they delay their calls becoming public for a few days, so that their clients are able to establish or liquidate positions before the rating hits the wires. They do have official records of their calls/reports. If they manipulate the stock by issuing bogus recommendations, the bad calls end up on the record books while their correct calls are unofficial. This then damages their performance history and hurts their credentials the next time they apply for a new job at a different firm who WILL review their accuracy. Someone mentioned a few days ago that the analyst community was correct about collectively downgrading ASND in the high 40s following the 8K filing. I agree -- apparently there wasn't too much manipulation there among the 26 analysts. Style Pts.

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