The Tout Syndrome
Joel, I agree, we don't have time to shift through mindless drivel based on hearsay. I usually base my opinions on research in which I perform myself for myself. These may include news articles, balance sheets, income statements, analysts forecasts, and even sometimes others opinions.
This research, garnered data such as a brokerage firm putting SFNB on a buy list when the stock was trading for 27.00 a share. Witness the loss of capital FBR would cause by touting this issue at 27.
PR Newswire, Thursday, July 11, 1996 at 11:15
Friedman, Billings, Ramsey &
Co., Inc. (FBR) today alerted risk-oriented investors to significant upside potential in the shares of Security First Network Bank (NASDAQ:SFNB-$27.25), targeting a 12-month share price of $50. FBR
continued its buy recommendation on the stock.
FBR's electronic banking analyst Gary Craft said, "At the current
price of $27.25, we feel the shares offer attractive upside.
This goes to show you even these brokerage houses will try to pound sunshine up your *&$%^%#^*. The moral is there is no shortcut for due diligence. |
