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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 94.54-0.5%1:41 PM EST

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To: Susan Saline who wrote (9537)11/7/2001 5:35:37 PM
From: Don Green  Read Replies (1) of 14451
 
susan no stock goes straight down

they all take breaks and short covering rallies occur

the trend is still down ... with pops in between

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The premise behind the Momentum Ratings is simple: the more analysts that cover a stock (within the past 90 days), the more clients that will follow their recommendations. The more clients in any single stock, the more money fueling that issue's advance.
Taking this theory further, if only two analysts have a "buy" recommendation on a stock, that is not nearly as bullish as 15 analysts with a "buy" rating simply because there is not nearly as much money, and therefore, momentum behind the issue.

investor.cnet.com
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