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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Luc Glinas who wrote (3172)	2/9/1998 9:17:00 AM
From: notredame	Read Replies (1) \| Respond to of 18016

Nesbitt continues to rate this a buy. Prior to the announcement, it was a 4-Rating with a target of $65. After the announcement, it was a 4-Rating with a target of $35 (February 4 update). I find that a lot of these analysts change their tune once the stock goes south (target price changes, further commentary on negatives, etc.) It is just locked in to a paragraph with a lot of legal jargon to protect them.I think I would like to be an analyst, it looks like a very easy job. You just need a lot of PR.

To: Luc Glinas who wrote (3172)	2/9/1998 2:39:00 PM
From: Sleeperz	Read Replies (1) \| Respond to of 18016

Well a Nesbitt Anal had BRE-X as a Buy all the way to the end, saying there is GOLD in them there SWAMPS in Indonesia. Nesbitt is being sued in the Bre-X lawsuits. Analysts that work for Brokers are self serving if they don't get buyers for the stock there will be no business, etc. Analyst that work for Mutual Funds are probably better but not all the time, in that they put their money in there too, most of the time. Except for Jeff Vinik and others like him who tout a stock so they can sell it. So its all a mixed bag. If any of them were any good, WHY don't they quit there Day jobs and become Stock traders Full time? Because someone has to move the stocks and markets. With the recent BOOM in Mutual Funds, its no wonder the market keeps going up. According to some reasearch reports, there are more Mutual funds than there are stocks. And the great irony is that some Mutual Funds buy stocks in other Mutual Funds. Its all a sell serving legalized Pyramid scheme. Its all fine and dandy when evryone makes money. But When all the old retired people start pulling their money, watch out. cl >>>What is your opinion of Nesbitt analysts<<<