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To: Gottfried who wrote (53978)7/10/2001 12:21:58 AM
From: Jerome  Read Replies (1) | Respond to of 77400
 
Gottfried.... this past week-end I visited a lot of sites that were focused on short term trading. A number of the better traders said they totally ignored the analysts.

We as investors have an entirely different agenda than do the analysts. We need to make money for our own accounts and analysts have to make money for their employers. This is an oil and water kind of problem.

Take ASYT for a recent example. Outlook for the next six months is terrible. Decreasing orders , lack of profitability, slowing economy...the janitor has to work only two days a week. ASYT does a secondary offering. (ML?). Immediately the analyst from the company that does the secondary up grades ASYT. Does this not sound a whole lot like the up grades for the .coms as their stock prices were falling?

Its gotten to the point where I hate to see up grades of any company I own because these folks have fewer clues than most posters.

Regards, Jerome