there are cycles in the market, and currently the whole financial sector is out of favor, again, check the BKX.
you know what the BKX is, don't you?
ORCL was a piece of crap too not so long ago, remember?
judging by the recent performance of AOL, MSFT, DELL and SCH, one could say they are all pieces of CRAP too, however, they are among the best performing stocks of this DECADE.
CIEN was a piece of crap at $ 10, now they are desperate to grab a piece at $ 120.
hey, THE WHOLE SEMICONDUCTOR SECTOR, SO RED HOT AND SHINY right now, was an ABSOLUTE AND COMPLETE PIECE OF CRAP for YEARS!!
VISX was a red hot stock months ago, you could hear analyst upgrades EVERY SINGLE DAY for VISX! seemed like the whole world was going to get eye surgery!! lookk at VISX now.
Lehman Bros yesterday downgraded it, and reduced his former price target from... $ 60 to $ 16... !! and now they tell us!! ha ha ha.
you need analysts for that?
other examples: check NEON's chart.
spare me the task of remembering other examples
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"CSCO is near its all time high, where is ECRP? is it near 72? is it even close? No, it's down 70%" |
