Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Alastair McIntosh who wrote (27037)	4/27/1999 2:52:00 PM
From: WhatsUpWithThat	Read Replies (1) of 37507

I also agree with the concept that analysts shouldn't be wed to stocks because their company happened to underwrite it. In principle, and I will (perhaps naively, many of you will say) maintain often in practice because they are under such intense scrutiny, I believe that the companies do a reasonable job of seperating these different business areas. Doubtless there is pressure, and doubtless there is less than total independence <GGG> but nevertheless I can't see Yorkton as the penultimate evil here. Do I agree with Pavan, do I think his statements were careless, do I think he supported his target price with a spurious analysis of the numbers considering the numbers (like gm) haven't changed (except to improve) fundamentally since his first comments? He's a goof, there's no doubt. Do I think he did it so Yorkton could jump on big profits made on this stock? I can't believe a firm gets to be so big by being so stupid. Perhaps the rule should be that analysts shouldn't be able to publish targets on a stock their company did underwriting with for a year, or some more reasonable period, to help lessen the appearance if not the fact of bias. IMHO

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