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 : Ascend Communications (ASND)
ASND 209.15-1.5%Nov 20 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: satish kamat who wrote (27837)12/13/1997 5:36:00 PM
From: sepku  Read Replies (2) of 61433
 
>>>I think the mother of selling in CSCO will be after new year.<<<

All I know is, the finest indicator of all, revealed the near-term ceiling of CSCO...Merril Lynch. A strong buy at 90 -- they are consistently adept at upgrading at the peaks in charts...notorious for going the extra mile in order to rake more $ in for their fat cat clients. Quite accurate at calling the near bottoms as well.

I forgot what stock it was, but they had issued a strong buy yesterday in the morning, changing their recommendation to a downgrade within a couple hours. Joe Kernan was joking about it.

A few years ago, I had a ML account as well, and I have never experienced such consistently terrible advice...I'm convinced to this day, they recommend stocks to their small clients that their large clients want to exit.

Using a 3 - 6 month time frame, moving the opposite of ML's analyst up/down grades have proved a VERY useful tool for me in determining the flow of institutional capital. The only time I don't move opposite of their public recommendations is when they issue a target price as well (which they rarely do)...that tends to indicate they may actually really be investing according to their advice -- at least according to what I have noticed.

I wonder if JJC used the ML indicator as a factor in his decision -- he is after all, in the fund biz and knows the ropes...and therefore the warning signs.

Style Pts.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News