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Technology Stocks : 3DFX
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To: Jeff Lins who wrote (10994)3/5/1999 11:05:00 AM
From: Piranha  Read Replies (1) of 16960
 
<< The buzz on the Street..."blah blah blah TDFX blah blah the pattern blah blah..." >>

I agree completely. However, this report was enough to move almost 2M shares in a major price move. Unfortunately, even if you don't think the analysts know anything, people listen to them. Think about this analogy:

You live in a kingdom where the king rules absolutely but makes all his decisions based on what his psychics tell him. Even if you think the psychics know nothing, what they prognosticate still affects you directly. So the art of living happily becomes predicting what the king will do after the psychics issue their reports :)

Replace "king" with "market" and "psychic" with "analyst" and see if the story sound familiar.

Piranha
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