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 : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas G. Busillo who wrote (37803)	8/24/1998 7:58:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 53903

A funny tidbit from Fleckenstein's daily comment on Stocksite: << 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. >> I bet all of Niles' clients who bought the open are feelin' groovy. Peter