Brady will not acknowledge your contention that there are unbiased research reports.
I said the same thing earlier - that companies that write unbiased reports do so in order to create good relations with their clients, and to stimulate trading, by providing their customers with trading ideas. In this way, the firm benefits through increased trading on the part of their customers, but does not have a vested interest in the particular stocks that are reported-on.
Brady, always an opportunist, has twisted your words, keying-in on the benefit to the issuer of even unbiased reports, to claim incorrectly that even those reports are not really unbiased because the firms benefit.
This is false logic.
Thank you for stating this so clearly, BlueFox. Let's see Brady weasle out of this one.
I suppose he will fall back on that tired "show me". I'm not going to bother. Anybody who really wants to learn will go out and do their own research, and not rely on a handful of examples that I might provide.
Whether or not the issuer of a report has a vested interest in the company they are reporting on IS an importing piece of information, that can be of beneficial use in trading. It's an important piece of DD - when you see a new report, you should determine if the issuer is an underwriter or MM. Maybe some people who didn't realize that will now do that bit of research. They'll have to decide themselves how much weight to give that information, of course.
I can't help people who are wearing blinders, though, nor can I reform those who know better but apparently have reasons for claiming that they don't.
Brady: I'm sorry that you had a bad experience being a nice guy in business. I assure you that it's not a universal experience (don't extrapolate from one data point!), and hope that some day you realize that and perhaps can see the business world in a less cynical light.
Good guys lose. Bad guys lose. 90+% of all businesses fail within the first 2 years. But I believe that bad guys always ultimately lose. |
