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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (59918)	5/19/2013 2:06:10 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95616

Jerome, I can't argue with your premise about target prices. <<Its my belief that target prices by analyst's are mostly poppycock.>> Looking at any individual stock with an analyst following of several to many, estimates of target prices usually have a very wide spread, many times with a ratio in the 2 to1 area. Also, of course in many cases, buy, sell and hold recommendations are called out by different analysts for the same stock. The only argument that helps the situation to find a reasonable position is the "consensus" position of all analysts for any given parameter. If there were any logic in the pricing of individual stocks, most people would be able to make money. Since logic is lacking, we are asked to look at technical or fundamental analysis to pick stocks which sometimes works and sometimes not. In the meantime, many of us try to get the right answers on what stocks to invest in with varying degrees of success. I wish my success ratio was better.<NG> Don