3Com: Will you say, "I shuda bought at $50." Message Board

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Technology Stocks : 3Com: Will you say, "I shuda bought at $50."

COMS 0.00110

-50.0%

Oct 29 10:53 AM EST

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To: Dave Boyer who wrote (11)	2/10/1997 8:19:00 PM
From: Kevin Leung	of 22

This is a chain reaction. When the stocks price are moving down, analysts have to downgrade the stock so they can take credit for "forcasting" the trend. When the analysts downgrade a stock, more people sell the stock because they believe in the analysts. Most analysts need to downgrade the stock so they don't look stupid. More people sell depend on the grading from the analysts. So, the analysts are almost always right because most people do what they recommend. Is that a snow ball effect? Those are the same analysts who recommend COMS as buy/strong buy when COMS is 70+ per shares a few weeks ago. Kevin

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