Gunther

Has the Last Investor Thrown In the Towel?

Well taken point re "analysts" who are usually more self serving themselves and their employers interests than that of investors. They have become less and less reliable and almost are becoming a contrarian indicator. When an analyst downgardes from "buy" to "hold", chances are that his "clients" have already sold and hopes the downgrade will reprice the stock down to a lower level at which time his clients will buy and then the analyst will issue an upgrade so the stock again rises to a higher level. I have also seen analysts price their stocks to manipulate prices on both short and long sides.
Gunther


On Nov 05 08:44 AM optionsgirl wrote:

> This is an excellent article that drives home one point clearly--you
> just can't rely on analyst coverage for accurate analysis. CRNT is
> an excellent example of analysts minimizing the value and growth
> potential.