"Wrong Way Corrigan" Analysts

http://www.caseyresearch.com/node/40791#section0

Zynga "analysts"

Zynga shares tanked 40% earlier this week after disappointing earnings, revenues and bookings.  21 Wall Street analysts follow Zynga, whose shares traded above $14 earlier this year, and were trading above $5 Wednesday, before plummeting to below $3 in the after-hours trading session.

Of the 21 analysts listed below, 20 had a Buy or Hold recommendation, with price targets ranging from $17 to $5.  In hindsight, all 20 were not just wrong--but outrageously wrong, presumably costing clients billions of dollars.  A few publicly apologized for their wrong calls.

But wait.  Of the 21 analysts, one got it right, giving a recommendation of "Underweight" for shares of ZNGA.  It must be some genius phenom analyst, right?

Sort of.  The 20 wrong-call analysts had another thing in common:  they were all human.  The lone "analyst" who got it right?  Why, "she" was a computer model: EVA Dimensions.  See for yourself.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07-2/20120725_znga_anr.png

Apparently, HAL has a girlfriend who's equally prescient.

As for the "smartest guys in the room" (and they are all guys), I'm sure their performance for analyzing Facebook will undoubtedly be scintillating.

Which Of These Facebook Analysts Is Not Like The Others?

http://www.zerohedge.com/news/which-these-facebook-analysts-not-others

Arena: What Analysts Are Missing

http://seekingalpha.com/article/701311-arena-what-analysts-are-missing?source=yahoo

See disclaimers in the side bar.

Disclosure:  long shares of ARNA.

Analyst upgrades on ARNA

http://notablecalls.blogspot.com/2010/07/arena-pharmaceuticals-nasdaqarna.html

See disclaimers on the side bar.

Disclosure: long ARNA shares, short January ARNA put options.