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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: advocatedevil who wrote (50279)8/8/2001 3:17:06 AM
From: Tito L. Nisperos Jr.  Read Replies (1) | Respond to of 70976
 
AD, long before you started Posting here, I described them as the AMAT YoYo Players. When the Stock started to go down, they timed their Bearish Calls; when the Stock started to Climb the Others made their Bullish Calls. They are adept in moving the market ST.

Yes, you're right --- they help the ST trader. You benefit from them because they help AMAT fulfill his habits of Dropping about 10% every now and then even when the trend is Up for the stock.

As for CFSB, it seems its followers are Lukewarm to its Bearish Call. It reminds me of a Salomon Guy when AMAT was going down during the last Bull Market --- predicted AMAT would stay many months in a trading range from 76 to the low 50s. AMAT stopped going down at 62.25 then went up not only to 100 but to 230 (115 post-split). What happened was the Leader became the follower of his followers on the way Up. What I'm saying is Paid Analysts are good only for ST for the benefit of Client Companies, Funds or Brokerages that earns more money when trading frequently.



To: advocatedevil who wrote (50279)8/8/2001 9:44:15 AM
From: Kirk ©  Read Replies (2) | Respond to of 70976
 
RE: I have to wonder where we would have closed today if CSFB had come out with a bullish call instead of a bearish one.

It sure raises a flag that makes you wonder if CSFB was mostly out of the stocks and wanted to bring them lower to get back in?

Can you imagine owning a used car lot full of cars and telling people the cars were over priced? But if you had an empty used car lot and wanted to restock your inventory, you might go on TV and talk up the new cars and say how poor the used car market is. This would, in the short term, lower the prices of used cars so you could then buy some to sell later at a larger profit.

IF anyone doesn't believe this sort of thing happens for stocks, then go to "First Call" and look at a company like Intel where they plot the stock price vs time with analyst ratings coloring in the graph. Intel is a "Strong Buy" near tops and has a much lower rating near bottoms.

I think your short term trading takes good advantage of this monkey business, but you have to guess right as the timing of their upgrades and downgrades often has no relationship on facts. :)

Kirk