transcanada pipelines (TRP) Message Board

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Gold/Mining/Energy : transcanada pipelines (TRP)

TRP 53.74

-0.7%

Dec 10 4:00 PM EST

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To: Mike K who wrote (237)	12/10/1999 11:56:00 AM
From: SofaSpud	Read Replies (1) of 292

Analysts "National Bank Financial, December 8, 1999. TRP $13.00 Recommendation: Hold (Downgraded from a BUY). Target $16 (-$9.10)" Could someone explain to me what possible good it does for an analyst to downgrade a stock after the price has fallen? If they wanted to make some useful contribution, then downgrade the recommendation when the freaking thing is at the top. How do you make money realizing your losses?? What a crock. Just one more lesson in the course "NEVER make decisions based on analyst reports." Now, wouldn't it make sense for the analysts to say, 'The bad news is in TRP stock, which will likely trade sideways for at least the next year; buy for income for the medium term, and for long-term capital appreciation.' But no, they're all saying basically sell. Bassackwards.

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