Quote from dwitherell:
Got a friend at Goldman. He told me "you've got to pick up some amgn. Their earnings were off .03 cents, and it's beaten down ready to go back up to the $80's."
Well, well! I had a client buy amgn at $72, and it's now in the low 60's!! Argh!!!
I'm sure time will tell, but I'll not give the gs analysts the same weight I used to! Especially since this guy bought 1,000 shares, and is also a friend of mine!! He's not happy, nor would I be!
Last, you guys should have seen what Tuesday did to a 1.6MM 401(k), where the guy was holding long only mutual funds!!! OUCH!!!