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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (17019)5/8/2003 8:24:01 PM
From: Paul Senior  Read Replies (4) of 78618
 
These brokerage companies...grrrr.

Lots of times these guys can't get earning' ballpark right so I'm doubly leery when they try to say what a stock's "appropriate" price should be.

SRZ 25.43 -3.07: -- Update -- Merrill Lynch downgrades to Sell from Neutral following this morning's earnings report. Firm believes current price is taking a very optimistic view of co's future results. Believes a price in the $16-$21 range would seem more appropriate. With stock in the $26 area, firm sees considerable downside left. (from Briefing.com)

'Course it could just be that it's my ox that's being gored, so some anger on my part. I will consider adding to my small SRZ position if stock drops further.

Seeing no reason to sell AAPL now...I'm holding on.
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