Honestly, it is okay for analysts to be wrong but Bruceongames and (to a lesser extent) Pachter's big mistake is they never re-evaluate their internal model in the face of overwhelming contradictory evidence. It would be one thing if their analysis was expectations of performance in the long run (what will the industry will look like 5 to 10 years from now) because you can claim that current sales performance doesn't matter towards long term sales performance; but both these analysts were often making short term predictions (6 to 18 months away) while ignoring current sales figures.
To use a parallel situation ... I have doubts about how strong Apple will be 5 to 10 years from now, and I think that Apple stock may well be at or near its peak, but it would be moronic to assume that Apple phones and tablets will not be the dominant seller at Christmas.
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