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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Dan Spillane who wrote (1073)	11/30/2000 8:26:15 PM
From: Scott Bergquist	Respond to of 74559

Dan, I understand now what you're getting at. If 57% of the analysts polled say they are bullish, that just means they haven't removed their "strong buys" and "buys". People nevertheless sell even the darlings; after all 99% (real number) of all ratings are =not= "sell" ratings. The factor you must account for in formulating your "good news/bad news" ratio is the "what does this mean in the future?" factor. Why do firms with negative earnings have bigger market caps than some banks with earnings of $2-3-10/share?? All in the future prospects. JNPR announces a 3G deal with ERICY, but nothing will happen for 2-3 years insofar as revenue goes. Should JNPR go up on the news, with a p/e of 400 already?? Up from 114 to 129 on a bloody market day. For further research, you ought to delve into what others have ascertained about "inefficient markets" in equities, and aspects about a firm's "future prospects". Good subject, up and down>> CORV. New Yorker had an article on them recently.