SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LSI Corporation

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Franklin M. Humphreys who wrote (7610)11/1/1997 6:22:00 PM
From: uu  Read Replies (2) of 25814
 
Frank:

Re: Brokerage houses/analysts

I have truly become a contrarian when it comes to analysts opening their dirty mouth! As I said once before I truly have come to believe their definition of upgrades/downgrades:

Strong Buy: Our big shot clients want to get out of the stock badly now, and we mean NOW!

Hold/Marketperform: Out big shot clients want to badly get their hands on the stock!

Sell/Underperform: Our big shot clients want to get their hands on the stock now, and we mean NOW!

I also have a heavy investment in ASND (enetred at $46.5 and averaged down at $40 and $32.5), and just when I thought buying more at $26-$27 might be really good, this brokerage house/analyst comes up with a strong buy recommendation (from hold) and now I am truly afraid of how much lower this stock can go! the funny thing is this brokerage house actually had a higher earnings estimate for ASND when it had it as a hold, and now that they have a strong buy recommendation on it they have reduced their earnings estimate for the company!

Anyway, sorry to get away from LSI subject...

Regards,

Addi Jamshidi
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext