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Technology Stocks : Micron Only Forum
MU 236.03-1.4%11:00 AM EST
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To: John Graybill who wrote (41895)1/5/1999 4:55:00 PM
From: Carl Held  Read Replies (3) of 53903
 
Analysts.....something to think about.....

Analysts are in the business to pump up stocks so they can make commissions. I've noticed that since mid Nov, analysts have been upgrading a number of stocks within the SOX sector about every 2 weeks and usually when they do, they move the upgrades around, say for example, the equipment companies, like today, then it will be some other companies, which in effect raises the sector since all companies within the sector are the same, meaning that there is no difference. Just when the sector starts to show some tireness, those analysts start cheerleading again.
It is interesting how Wall Street Analysts pride themselves using sound fundamentals for decision making reports and announcements. This brings to me the conclusion that Wall Street Analysts have decided that greed is better than sound fundamentals.

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