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To: Chuzzlewit who wrote (105742)2/28/1999 4:09:00 PM
From: SirVinny  Respond to of 176387
 
Chuzz:

...with all due respect, analysts are no more capable of predicting the market movements than the man in the moon. Nobody can do that, and if anybody claims that he can I believe he is a charlatan.

=====================================================================

You and I share the same opinion on this matter. Unfortunately, many others are swayed in the short-term by the comments made by these charlatans who change their opinions more often than they do their underwear.

The exercise I'm contemplating is precisely to expose their lack of credibility. If I can compile statistics over a certain length of time and show that the analysts' accuracy is no better than say 30% , then that should reduce or eliminate any influence and possible manipulation of the market that their comments may have in the short-term.

Having done that, investors can then base opinions and investments on factors such as those that you yourself report (ex. stuffing,)

SirVinny

PS - Niles did say that DELL is worth $80



To: Chuzzlewit who wrote (105742)2/28/1999 4:27:00 PM
From: JBird77777  Read Replies (1) | Respond to of 176387
 
I agree that it is probably inappropriate to rate analysts based upon the absolute movement of the price of a given stock, given that such movement is largely determined by the movement of the overall market. It would probably make more sense to rate analysts by how their recommendations fared in comparison with the market averages.

JB