Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 188.62

-0.3%

Dec 24 12:59 PM EST

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To: StockHawk who wrote (14927)	7/12/1999 1:42:00 PM
From: StockHawk	Read Replies (1) of 56535

OT - Analysts Upgrades/Downgrades >> I did a very non-scientific study last year. I monitored price movements after significant analysts upgrades and downgrades. By significant I mean a change such as from "accumulate" to "strong buy" as opposed to going from "accumulate" to "outperform". This is what I found: If an analysts recommendation was not a response to a significant event then the stock would have a short term move and then fall back. So it made sense in these cases to do the opposite of what the analysts recommended. Example, if Merck was down due to a downgrade you could buy and likely sell in two days for a profit after the stock recovered from the news.<< "July 09, 1999 10:01 - Morgan Stanley's Marc Nabi downgraded Echostar Communications (DISH) to "outperform" from "strong buy" based solely on valuation, and adjusted his price target to $190." DISH was down $7 Friday on the downgrade but up $10 today. StockHawk

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