“The fact is most analysts have very little investing or trading experience, and they do very little of the actual data collection and analysis,” Varitimos writes. “They are nothing more than glorified financial reporters… At any time, an analyst might release a investor note that could affect Apple’s price and in turn, your position…something you never figured into your analysis. So, consider that brokerages employ these spokespersons, who play reckless with our fortunes.”
Varitimos writes, “If fundamental analysis had any validity at all, if it was a tried and true scientific method, being performed by experienced and wise analysts, then you would think they would agree for the most part, or at least be in the same ballpark. But you can forget that, because 40 different analysts looking at the exact same data will come up with 40 different conclusions.”
Much more in the full article – highly recommended – here.
MacDailyNews Take: BINGO!
Plumbers require more certification than Wall Street analysts, who, as far as we can tell, require none at all. No offense meant to plumbers; all possible offense meant to so-called “analysts,” many of whom we consider to be charlatans at best and market manipulating scam artists at worst. — MacDailyNews, October 20, 2009
Edward Zabitsky: Wrong on Apple in the past, present, and future – March 27, 2013
Insufficient number of data points from Apple supply chain lead analysts to conclude the worst, of course – March 13, 2013
Why bad AAPL news just keeps on coming; Apple analysts fail to accept changing sentiment, reality – February 25, 2013
The best and worst Apple analysts over the last 2+ years – February 17, 2013
Apple analysts: Stupid or lazy? – February 3, 2013
Some Apple analysts ‘dissatisfied’ with life? – January 18, 2013
The mainstream tech media and most analysts are delusional – January 4, 2011