[Soundview et al]
Richard:
Thanks for your response. With all due respect, you don't really put any credence to Soundview's or any other brokerage company's recommendations do you? Look at all the strong buys that came out when the merger with AMTX was announced. At that time WSTL was about 23/share. Its now below 16!
How many times has a company come out with lower than expected earnings, and those clown brokerages respond with downgrades, revisions in earnings estimates, etc. There never is an explanation as to why they didn't downgrade prior to the earnings releases.
Argus came out with a recommendation for ASND a couple of months ago, when it was at 44/share. You know where it is today. But people still subscribe to them, and they continue on their way.
This whole investing game is just that, a game, which is quite similar in my opinion to gambling. You place your bets and you takes your chances. To consider it anything other seems to be a joke.
I hope WSTL's stock goes to 30 by the end of the year. I hope Soundview takes all the credit it can muster. But at this junction, I wouldn't "bet" on it.
ADSL deployment seems further and further in the future to me. As time passes, more competitors are coming in, and the cable guys are not as asleep as some on this and the Amati thread suggest. |
