Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: StockMan who wrote (3668)	1/21/1998 3:31:00 PM
From: Wallace Rivers	Respond to of 6980

Stockman: I was a broker, and it doesn't take a rocket scientist to know that analysts' views are skewed by reasons other than stock's pure performance... Investment banking relationships, being chicken, going along with the crowd (a favorite of less than independent thinkers), and just being too lazy to go out into the field and LOOK, rather than sitting at one's desk, listening to CCs, and making the occasional phone call are a few reasons. Example of "research": Brokerage firm performs investment banking via IPO... 30 days later, said firm puts out "Strong Buy" on stock (i.e. "booster shot")... Stock goes up... Stock goes down farther than it goes up.... That's the way of WS.