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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: jtechkid who wrote (23248)	8/24/1998 9:50:00 PM
From: Erwin	Respond to of 70976

Robbie Stephens is a Schmuck - or at least Bill Fleckenstien and I think so. To me (personnal opinion) this small clip says it all for what these analysts and TV reporters have been throwing around on semi's and other sectors for a long time now. These guy's don't report honest opinions - they advertise what they want the public to hear and hope that some suckers buy it. Erwin From Market Rap at stocksite.com In the "What Passes for Research" department, Dan Niles from BA Robertson Stephens came out and pounded the table on Micron Technology (MU). He raised it to a super-duper ultra buy, from just a regular old buy. Despite the fact that he has to cut his numbers, he is going to raise the price target and you should all buy the hell out it. This happens all the time these days; this is just today's example. Analysts (stooges) pound the table, raise the price target and often lower their estimates on stocks where they have consistently missed the fundamentals. The TV talking heads never bother to tell you those details; they just let you know that so-and-so raised their rating.