| Description |
Willier is the research analyst responsible for following Company X. All the
information he has accumulated and documented suggests that the outlook for
the company ’s new products is poor, so the stock should be rated a weak “hold.”
During lunch, however, Willier overhears a financial analyst from another firm
whom he respects offer opinions that conflict with Willier ’s forecasts and expectations. Upon returning to his office, Willier releases a strong “buy ” recommendation to the public. Willier: |