Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (23332)	8/5/1998 4:34:00 PM
From: Tom M	Read Replies (1) of 94695

Whatever happened to downgrades anyway?? If we need the equity from the bloated stocks that don't want to go down (MSFT & CPQ down 5/16 today if I remember), why don't analysts just upgrade some value stocks while downgrading some of the bloat due to "overvaluation". I remember they did it to INTC two years or so ago when it was just taking off way too fast. That started the exit once people saw the price dropping & no new money wanting to chase a downgrade. Seems this correction is continuing to abuse the abused & reward the targets. Kurlak hasn't had any effect any more & I think it'll take a rash of analyst downgrades aimed directly at the targets to protect the innocent. was responding to your comment: >>it's like the nasdaq has sucked the life out of its children to keep its index alive<< regards, Tom

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