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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (84991)	7/6/1999 4:25:00 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 186894

<An analyst's opinion is irrelevant.> Except for the short-term, of course, when the market reacts to some change in opinion. It's like a self-fulfilling prophecy. Some analyst with a little pull shouts "Sell, the stock is going down tomorrow." Sure enough, the stock drops a few points, but it's not like the drop would have came had the analyst kept his or her mouth shut. I wish meteorologists in Oregon had the same short-term influence on the weather as Wall Street analysts have on the stock market. Then whenever we want a sunny day, we'll just ask the meteorologists to say, "I think it will be sunny tomorrow." <One of the major purposes of my many posts on this subject is to break the myth that analysts or Wall St. firms in general have any idea what direction any stock is going to go.> Have you seen that commercial on TV which is advertising some Internet-based brokerage? (I think it was E-Trade.) They were basically saying, "If your stock broker is so smart, how come he still has to work?" Tenchusatsu