Thanks.
Regarding ANALysts and their reports, my thoughts are that first, last and always I do my own research and make my own decisions. I only "invest" in companies with solid fundamentals and good growth prospects in industries that are growing long term.
I usually find that my level of knowledge/analysis is "ahead" of most analysts. If I like a stock that I think is way undervalued, as ASND was in the $20s and MRVC is now, I tend to disregard ANALyst/thread negativity. My December ASND investments have paid off big for me. Mid-stream price-wise, like ASND is now, I go with the analyst reports - they are just seeing now what I saw in January or earlier.
Later, in a year or so when ASND is testing $70 and those last "strong buys" come out, it will be time to watch for an appropriate exit point, somewhere a few points after that.
By the way, ASND has now doubled from it's low. That is the "easy money". MRVC is also going to double off of it's low of $21.5 within a year or sooner, my average on several thousand shares is right at $22, so I will just wait for the "tide of opinion" to turn. My three criteria that I stated above are there in spades. IMO, I am right, the world is wrong, but the world "turns" and it will turn for MRVC soon. |
