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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: lee kramer who wrote (93221)4/13/2000 4:31:00 PM
From: Jenna  Read Replies (1) of 120523
 
Beware of Recommendations in a Bad Market. PHCM.. Wanted in at 83 but market turn got me out of a good short, and I couldn't get back short in after escaping101 even though there was an uptick.
On March 31, 2000,
U.S. Bancorp Piper Jaffray Morning Meeting - reiterated a STRONG BUY on PHCM with a price target of $200 (stock was $169 at the time)..

Portfolio advice can lead you astray.. The daily barrage of stock upgrades and downgrades also aren't very useful... A day after the Nasdaq plunged last week, Bear Stearns and Solomon Smith Barney upped their recommended mix of equities to 60% from 55%. In other words, brokerages that had been relatively bearish while the Nasdaq was on its powerful run turned bullish once it was dropping.

Remember, an upgrade or downgrade is simply the opinion of one individual. The views of one or two Wall street gurus don't matter much if the market disagrees.

You're better off watching a stock's chart pattern to figure out what the rest of the crowd thinks.

Clear "Sell or Buy Signals" are worth more than 'recommendations'.. That is what we try to do here on the thread and with the service. It is way more profitable that buying upgrades only to have your 'upgraded' stock cut in two.
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