CATP-The stock is taking off Message Board

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Technology Stocks : CATP-The stock is taking off

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To: Ritch who wrote (497)	3/17/1999 12:08:00 PM
From: Rick	Read Replies (1) of 782

Ritch... a historical perspective: CATP was peppered with praise, upgrades, reiterated buys, etc. while it was falling from around $60 to $13. All of this happened as the companies margins were deteriorating, sales growth was decelarating, and headcount targets were being missed. the investment banks make the majority of their money from deals (ipo, debt, merger, etc.). many times the analysts are pawns (willing or duped) in the game to attract biz deals. other times the analysts are just not very good at stock picking and there don't seem to be many disincentives for being a crummy stockpicker. anyway, it never ceases to amaze me how many investors look to the so called "analysts" for insight. do yourself a favor and ignore them. rick.

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