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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.06-0.3%4:00 PM EST
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To: Eric Wells who wrote (31285)10/24/1999 9:30:00 PM
From: Benkea  Read Replies (1) of 99985
 
Eric:

"I saw both stocks decline rapidly in the weeks that followed - I got out before losing too much - but the experience of buying two stocks that were so highly rated (by respected institutions no less) only to see them fall rapidly made me realize that the market was not on real solid footing."

Respected institutions is an oxymoron.

Your problem was that you didn't realize you sell upgrades (like those who are doing the upgrading are doing) and buy the downgrades (like those who are doing the downgrading are doing). Do you really think these boneheads are paid 7 figures to give out timely buy and sell recs to the public gratice?

Upgrades are ONLY done for two reasons:

To facilitate the equity or debt offering and m & a (get the investment banking business) for the company.

Or

To create a rally to sell to lemmings (no offense meant)!
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