Blodget
Bapopik at AOL.COM
Bapopik at AOL.COM
Fri May 26 06:26:00 UTC 2000
From the NEW YORK OBSERVER, 15 May 2000, pg. 29, col. 6:
_Analysts Grow Up:_
_They Don't "Blodget"_
_Like They Used To_
Given the way high-flying tech shares have been whacked around lately,
it's easy to forget the whopping price targets analysts placed on some stocks
just a few months ago. (...)
Traders even coined a term for the practice, joking that a stock had
been "blodgeted," a reference to Henry Blodget, Merrill Lynch & Company
Inc.'s Internet analyst. Mr. Blodget made a name for himself in late 1998
when--while still at C.I.B.C. Oppenheimer--he put a 400 price target on
Amazon.com Inc. Amazon reached the target just three weeks later--a 96
percent gain.
With a name like Blodget, he's gotta be good.
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