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Technology Stocks : Silicon Valley Group

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To: FJB who wrote (1492)3/11/1998 2:46:00 PM
From: abcde_98  Read Replies (1) of 2946
 
"Fixing" positions in portfolio -- use options ie. hold onto stock and use options which I'm doing.

Also, thanks for the post from LB (what is LB?) about EPS estimates and price target ($23 down from $28). Do NOT look at targets - study done a year ago looked at thousands of analysts' targets of thouands of co's and they've been within +- 5% only 1/170 times over 10 quarter period - I'll look for the article to explain better.

Did you know analysts are permitted to make revisions to their estimates up to 2 weeks prior to earnings announcements? This was factored into the study and still analysts were correct a very small part of the time.

My guestimate at this point is they may have overdone their reductions on SVG. If not, I have no faith in the analysts looking at SVG.
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