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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Robinett who wrote (6240)	12/8/1997 9:40:00 PM
From: charlie	Read Replies (2) \| Respond to of 13594

>Charlie, Investment houses do track their analysts. Every now and >then, an analyst will make a really bad call that causes the house to >get egg on its face and the analyst loses his/her job. I also recall >a bank analyst from a number of years ago for--I think it was >Prudential--who remained bearish on banks so long he lost his job. >Bearishness doesn't sell. Steve I agree a firm will fire an analyst if the firm lose money on his recommandation. However they will not fire someone if the analyst is merely trying to pop up the firm's holding (or enabling the firm to exit a position), or to support a firm getting a big banking deal. It is here that the analyst could be way off. This is somewhat off topic now. So far AOL has one buy recommandation everyday. Anyone care to guess when the pool of analysts will be exhausted? When that happens, I guess they could just re-affirm a recommandations, thus keeping the streak alive and push AOL to 200 a share. Charlie