Thanks Harry,
Your, <"Analysts are paid to analyze. You know, go out and kick the tires: interview customers, suppliers and competitors, and dig through company filings, that sort of stuff. If analysts are spoon-fed by companies, Mr Lewis believes, they just aren't doing their job.">
Well, Harry! when I was "sell side analyst", that's what I thought it was all about. When a company that I followed, coughed, I made sure to be the first to report it. And it wasn't just reporting what a company was "spoon feeding the analysts". It was the result of hard digging, honest research, and good logical analysis.
Yesterday, ended my two year era of being short IBM Calls, or long IBM Puts. While I continue to believe, as strongly as ever, that IBM's quality of earnings are poor, and that Wall Street will eventually catch on to LG's game, I no longer have the fortitude to wait for other analysts and investors to see it the way I do. But then again, I've always been early in my analysis, as well as my investment ideas.
Regards,
Jules
|
