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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (3348)3/31/1998 9:30:00 PM
From: Thomas G. Busillo  Read Replies (1) | Respond to of 6180
 
Pat, there is a way to make these guys accountable. We're on here doing it. I don't know what it means in the grand scheme of things, but if someone makes a series of horrendously bad calls or writes research that seems to contradict what their views were a few weeks back - well, there's a good chance they're going to get called on it.

I don't know what Bill Milton is seeing that would make him go to a short-term avoid. I remember being short TI the day when they announced the split ATB and seeing that he had cut his rating either that day or the day before and thinking "well, at least there's someone out there who could possibly be feeling as dumb as I am right now"...

...and the weird thing is, despite the short-term reaction to the split, that ended up being a good call. I think he made it when TI was around 136 pre-split.

For all I know he could have been made some bad calls on TI prior to that. He hit my radar screens w/ that call and some pretty timely calls on MU.

But it is incredibly frustrating that these guys can be bizarrely wrong and then when the you know what hits the fan they just pump out another research note that either fails to acknowledge the fact that they were wrong or makes a casual mention of a company failing to meet their expectations (remember, it's the companies that are the ones doing the "failure"; it's never the analysts that have "failed" in making wildly inaccurate predictions in the first place <g>)

Good trading,

Tom