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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fine who wrote (765)9/16/1998 5:24:00 PM
From: Anthony Wong  Respond to of 14638
 
If he has $95 as a target price, would you have believed him? Actually Nesbitt Burns (Canadian Brokerage) had a similar target price some two months ago, which would have meant that it had reached its target price and was basically a sell.

Anthony



To: Paul Fine who wrote (765)9/16/1998 5:45:00 PM
From: George A. Roberts  Read Replies (1) | Respond to of 14638
 
Paul,you know Faber, Kernan and Haines don't have those Penguins on squawk box on CNBC for nothing ! It is in reality an accurate portrayal of the analyst behaviour in my view. They wait until Cendant is down huge, cut in half or worse then issue a HOLD or a Sell. I have some of the same problems with the TA crowd stating if stock xyz (now at say 25) breaks above 32 its a buy, upgrading after the stock has already moved.
George


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