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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (4485)	10/30/2000 1:51:18 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 5482

Your entire response, including that condescending remark regarding the workings of Wall Street, flies completely in the face of JJ's downgrading of the sector during the summer. My entire point was that John Joseph, at least in this case, MADE A VERY GOOD CALL AND WAS INDEED SMARTER THAN THE MARKET. JJ was more insightful than you, than most other analysts, and certainly more than 99% of the folks on SI. We all CHOSE not to believe it. Perhaps this is an infrequent or lucky call from your POV. But one thing is for sure...individual investors, if forced to be accountable for prognostications, would do no better than the analysts (and, in all likelihood, would do A LOT worse). Pardon my tone, but you chose not only to ignore the specific comments I made regarding John Joseph, but you adopted a regrettable attitude that deserves same. Had you read my post carefully, perhaps (perhaps not...) you would appreciate how wide of the mark your response was. In short, you should face your own subjectivity and above all, try harder to work around it. BTW... When I said, 'An analysts job, at its core, is to predict future performance of stock prices.', I meant that the effect on stock prices is the end result of his opinion whether he specifically sets target prices or not. Thus when JJ had negative comments about the sector this summer, he didn't have to say specifically, 'I think the average stock in the sector will decline by 50%'. The negative impact on the stocks was IMPICIT IN HIS WORDS!. I thought that was obvious and was conveyed quite directly in my phrase, '...at its core...'