Thanks, Art. Art, I'm just tagging along on your analysis, experience, and confidence.
Yes, a confusing issue to me how the analysts do seem to ignore stocks at lows and recommend many at higher prices (when, I presume, they believe some of the risk is out of the stock.) Because I've followed this thread for a year and can maybe peer just a little into the future because of people's efforts here, I can see an analyst recommending SNDK now. And I might be willing to add more to my position. Especially as SNDK produces something I and everyone else can see, touch, use.
But if I take something I know nothing about - say ITWO in enterprise resource planning software- for an analyst to come out last week (after the stock has gone from 17 to to 50 level to 230 level-- a 15 TIMES move in one year) and now upgrade the stock to buy or strong buy --- I find that unfathomable. On the surface, totally crazy. Maybe a great underlying reason. But just given my proclivity for cheap stocks, I've got to figure there's a better value someplace else with less risk. I wouldn't even bother delving into ITWO. Yet for many, many of these type stocks, the analysts upgrades have been able to drive the share prices to even higher levels.
Paul |
