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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (41805)	10/30/2000 3:45:05 PM
From: GVTucker	Read Replies (1) \| Respond to of 77400

Because the media still gives them publicity and automatic credibility, which moves the market. If I happen to disagree, I get screwed and there's nothing I can do about it Sure there is. As we just agreed, the analysts are right no more than you or I. If you disagree with them and you are right, you can take advantage of the very short term affect of an analyst's opinion. If the analyst is right, then they just hurry the stock in the eventual direction it was headed anyway. If the analyst is wrong, you have the opportunity to buy/sell the stock at an even more attractive price. How exactly do you get screwed?

To: kvkkc1 who wrote (41805)	10/30/2000 3:47:49 PM
From: Bob Kim	Respond to of 77400

Because the media still gives them publicity and automatic credibility, which moves the market. Maybe you should direct your criticism at the media. Merrill Lynch cut its price targets on NSM from $100 to $50 and NT from $110 to $80 last week, and cut its target on SMDK from $40 to $7.25 today. Last week, I can only remember the media saying that ML was pounding the table on NT, they seemed to ignore the price target reduction.