How Analyst Records Should Be Gauged (ETF: HHH)

| About: Internet HOLDRs (HHH)

My major complaint of Wall Street analysts is that they like to make position recommendations and take credit on their performance records based on previous closing prices. Since many of their recommendations impact price movements significantly, they should take the opening price after their announcement—just like me! A good example (pass the tissue please) occurred with HHH (Internet Holders) the past few days.