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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (4015)9/11/2001 7:42:01 PM
From: uu  Read Replies (1) | Respond to of 4710
 
How can anyone believe anything these so called analysts say anymore.

By definition their job is to track down the company and the underlying industry and issue forecasts that (if not exact but at least close to some truth)about how the company would be doing.

Just a few weeks ago (and not even months but a few weeks ago) Solomon Smith had a BUY rating on the stock with a price target of $28.5 (and please pay attention to the target price and how they even calculated the 50 cents to be exact). And today they come out and slash their own previously $28.50/shr target price to $10/shr!!

Either they are in some sort of drug trafficing operation and are heavily under influence of drugs when doing their job, or it is business as usual of pump and dump.

It is just amazing.



To: JakeStraw who wrote (4015)9/12/2001 3:40:17 AM
From: uu  Respond to of 4710
 
The so called charlatans of wall street (i.e. analysts) summary view of VTSS:
biz.yahoo.com