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It Ain’t Over, Til It’s Over
mark sue reduces price target after the share price drops, issues sell recomendation with a price target of 7 dolars showing 15% increase. now the stock has passed that level and i expect mark sue to issue buy again, which is not good for Nortel Investors.
analysts were bullish about Enron right before its bankruptcy,
credit rating agencies said ok for sub-prime bonds prior to sub-prime market crisis.
bla bla bla
now, merrill lynch says 10 dolar breakup value and i say to them were you sleeping one year ago when the stock was trading at 25 dolars.
Analysts are deaf, dumb and blind when it comes to trying to predict the future when so much of it depends on the macroeconomy and not what happens in some little corner of the universe. GE is the greatest example of a single stock as a macro indicator and from the looks of today's news from them, this will be a prolonged slowdown lasting into 2009.