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Yes, but if the estimates were too conservative, then the adjustments should be upward, not downward. Adjusting unexpected profits upwards is clearly just a pu

• seanmcdirmid 14y ago
  Analyst estimates were bullish, Samsung's later estimates were less than that. Since its not in Samsung's interest to be less bullish than necessary, investors took that as new reliable information and reacted to it by adjusting their target price for the stock downwards. Nothing weird about it. If Samsung was the only source of information, then you would be correctly. But they aren't, and even if they were, investors would make "bets" that were either more optimistic or pessimistic than what later information supported.