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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (48760)	3/10/2001 10:04:45 AM
From: prophet_often	Read Replies (1) of 57584

Some more advice for the new investor: Don't listen to the ANALysts, be your own analyst! Almost everyday at work I will hear someone say: "Wow, XXXX is a great buy right now" I ask them "What makes YOU think so?" The response is almost invariably something like "An ANALyst just upgraded it to a buy with a price target of $1,000" I tell them "Don't listen to the ANALysts, be your own analyst. ANALysts upgrade stocks at the top to unload and downgrade at the bottom to accumulate, happens all the time." Even the company we work for was upgraded by an analyst less than a month ago when the stock was at a year high of 17, today the stock is at 9. So the message to new investors is: do your own DD, so that YOU can determine when the stock is overvalued or undervalued, in relation to its peer group, current and projected growth rates and the current market environment. Take a class on how to read a financial statement. Don't just jump into stocks without taking the time to educate yourself. If you don't have the time, you should be in mutual funds. If you are going to manage a portfolio of individual stocks, you better know everything there is to know about them. Don't be a blind sheep! Prophet Often

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