Oh, yeah? JP Morgan, Morgan Stanley, Smith Barney, PainWebber etc. are respected by the street too. They all came out downgraded SUN when it was around 22-26 range last year. And upgraded the stock around $50 range. You trust them too? Fear of competition from HP? Huh? Last time when I heard from SUN's top brass, they were only concerned about the competition from IBM, and that's because IBM has a good/reputable customer support, and SUN is trying to catch it up! I don't think this woman really knows what she's talking about! About a month ago, an anal-yst on CNBC touting ASND, when it was around $42, and claimed that he was aggressively buying it at that price. Look at where ASND is right now! I think somebody got to check his record and see whether he really bought ASND at that time. The bottom line? Do your own homework on any stock you wanna buy, and stay away from the so called "analyst" recommendation.
Of course, JMHO!
Da bull |