Post by oldman on Jun 4, 2014 17:03:40 GMT 7
Yes, it is not easy to be an analyst working for a broking company. Damn if you do, damn if you don't!
Zuolun, I once asked a senior director of a stock broking firm what is his favourite activity in the firm. His answer shocked me and I think he realised that he was being too honest. He told me that he like to sit in his office before market opens to see all the queues forming. Yes, these folks have a helicopter view of all the queues forming and can almost guess where the action will take place on that morning. Yes, one has to read in between the lines to guess what else they can see..... 
oldman,
I read 2 reviews on Yangzijiang written by 2 local brokering houses; one gave an extremely +ve rating while the other one rated the stock as fully-valued at current price. Guess why the former had rated so differently? Well, they needed to "toe the line" as the company and their HNW clients have vested positions on the stock, so that's nothing wrong with the FA now.
I read 2 reviews on Yangzijiang written by 2 local brokering houses; one gave an extremely +ve rating while the other one rated the stock as fully-valued at current price. Guess why the former had rated so differently? Well, they needed to "toe the line" as the company and their HNW clients have vested positions on the stock, so that's nothing wrong with the FA now.
