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Analysts==Useless Shills

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Imagine a retail sap who wanted to get an objective viewpoint about this hot new IPO he heard about, Slack Technologies (symbol WORK). He figures the professionals who are paid millions of dollars per year to dissect such things must know what they are doing, so he finds the research, such as here:

Liquidity moves markets!

Follow the money. Find the profits! 

……and here……..

Strong buy! Not a single Sell or even Underperform! Looks like a winner! Let’s………GO FOR IT!

Don’t worry about our friend. Once WORK gets down to $2, he’ll dump it in disgust. And he’ll have Wall Street’s highly-paid analysts to thank.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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