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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: Don Green who wrote (4768)5/14/2009 5:53:08 PM
From: Walkingshadow   of 4814
 
Can you spell "pump-and-dump?"

Obviously the big boys are trying to roll out of their long positions at good prices without spooking the market (and in particular, without spooking the usual retailer designated bag-holders). Next step in this well-oiled machine is to issue orders to the usual gaggle of analysts for upgrades du jour. That oughta do the trick.....it always does, after all. Anybody that thinks analysts are in business to offer expert opinions free to the general public....well, I think you should buy my bridge, which has been residing in Brooklyn for a very long time. He who pays the piper calls the tune, and I certainly don't pay any analysts (and never will).

Analysts, by the way, are notorious for their rather annoying tendency to issue upgrades at or near market tops, and downgrades at or near market bottoms. Just have a look at any well-followed stock, and you will see sporadic upgrades and downgrades more or less steadily, but clusters of upgrades near tops and clusters of downgrades near bottoms. With some stocks, this is so striking one is tempted to use analysts as contrarian buy/sell signals.

T
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