"Safa Rashtchy, a stock analyst who for several years has been at the forefront of covering Internet-based commerce, is resigning as managing director, senior Internet analyst at investment banking firm Piper Jaffray & Co.
Rashtchy will leave Piper Jaffray at the end of June. He adds that he will take off the rest of the year before deciding what to do next."
Rashtchy will leave Piper Jaffray at the end of June. He adds that he will take off the rest of the year before deciding what to do next."
I would advise him definitely check his water supply - too much Prozac is in there, good investment will be to read history of Frank Quattrone and Henry Blodget.
As it was written here before:
"We tend to be critical of all these "Buy" and "Rising Target" and "Estimates" (of Buyers stupidity?) from young analyst from Big Houses, it looks like sometimes they did not invested in CASIO or have tendency to see only part of figures and are using a lot of monkey language messing up with GAAP and NON GAAP on one page. Big Houses always wins and stays, young guys are going, sometimes they are punished, sacked and even baned for life, but you know - it is not easier for you, your money is gone. You do not even ask sometimes curiosity sake how could it happen? Big House could not afford Casio or it just happen to have Big Positions in recommended stock which need to be unfolded. You know already this MR Market trick: for every happy Seller he needs to find a Sucker - called Buyer or Institutional Client (it is easy to find Suckers when you give them due respect or even better when they manage OTHER PEOPLE MONEY like pension funds come to mind)."
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