GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: micromike who wrote (313)	6/12/1998 10:18:00 AM
From: Superman	Read Replies (1) of 1571

Hi Guys Just thought I'd put my 2 cents in with regards to analysts strong buy recomendations. It has been my experience that analyst strong buy recommendations are more often than not a contrary indicator, especially if the strong buy remains after substantial price increase of the shares. It would be interesting to get a third party completely unbiased analyst opinion. (i.e. does not work for an underwriting brokerage house.) For example, it took a long time for most analysts to start lowering their ratings on Newbridge last year, and same thing happened with Loewen, and I think Jetform had a glowing analyst repoort a week or so before its price crashed. Infact Investors Digest had at least 1 strong buy recommendation on Com Dev in the April 24 issue. At the same time, Seagrams has done GREAT and I recall some analysts changing their recommendation to buy only recently, after the price run up. I tend to put much more faith in what insiders are doing, and the technical performance of a stock. For example, both these indicators gave ample warnings about Bre-X long before its final drop to $3. Anyhow, just me 2 cents Superman

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