Food for thought, the downgrade was from a STRONG BUY to just a buy,for COGIF and here is what the record of these company's is on their downgrades:
Downgrades by the Hot Shots Who
"SHOULD" Know
1.Are they really THIS bad?
2.Are they simply churning and burning?
3.Is it just an accident they are so consistently wrong with their recommendations?
4.Why doesn't somebody like Hulbert track these ridiculous practices?
5.Are they getting from their best customers and the unsuspecting who think these people "SHOULD"
know what they are doing out of the BEST stocks? Should not these people be held to a higher level
of knowledge than a three year old?
6.Is this just a way to get customers OUT OF good stocks that they are just sitting on, making money,
and accomplishing what they should be accomplishing by investing?
7.Are they this PITIFUL with so, so, so many of their recommendations being so poor? I think a
monkey and a coin would do better. OR, just do the opposite of what they say to do.
8.Is this just a sample of the rules MADE for them that the average investor must pay his dues to learn
how these people will take everything they can from him and do it legally?
9.Can anything be done to police this absurd practice when it is SO EVIDENT to the MASSES, once
they have put in the appropriate time and been fleeced by them to a certain degree?
10.I thought artificially manipulating stock prices was illegal. Is this not "attempted" price fixing?
Now, I am going to start a page here where, as I have time, I am going to track some of the more evident
abuses. It is really not very funny and there SHOULD be something done about it! Got any ideas? How
about passing this site and this page address around. I'll attempt to keep it as up to date as I can.
Each night "The Elite" receive a large file full of information. The Wall Chart stocks that have been
downgraded is just one part of this file. It has its own tab and page. You can click here on downgrade tab
to see what that ONE page of the file they receive each night looked like on that date. It is updated daily
and if any Wall Chart stock is downgraded they can see it on this tab of their nightly file and track all of the
downgrades as a group. This service alone would probably be worth the entire cost of being an Elite
member. Take a look. It will not be updated here very regularly, but you should be able to see what a
"GOLD MINE" this "COULD" turn out to be when used properly. Many Elite members are already using
it VERY PROFITABLY!
Please keep in mind that eventually stocks DO go down. However, it's amazing how seldom
these people with their downgrades get ANYWHERE CLOSE to calling the right time. They
almost CONSISTENTLY nail down a bottom in a stock for us.
CSCO
10/05/98: Downgraded by SG Cowen as spending appears poised to slow,
putting growth estimates at risk. You could have cashed out immediately for
$47.38 a share. One month later the stock closed at $67.81 for a net gain of
43% if you had BOUGHT instead of sold on their downgrade. If you were
like the majority you could not have gotten the $47.38 a share but would
have had to take $2 a share less when MOST finally got the news. Forty
days after the downgrade, on November 18th, had you bought on their
downgrade you would be up 54% for going against their advice. Fifty two
days after the downgrade the stock is up 69% from where they downgraded
it. They also, at this same time, chose to downgrade FORE and you could
have sold out for 11 11/16 at this time. One month later the price of this
"dog" is $16.31 for a net gain of 40% had you instead of selling you had
BOUGHT on their words of wisdom. Also, if you read Cisco latest news
release he couldn't have been more wrong with his opinion. A graph of
CSCO is below and the red line is where the stock was downgraded. You
can't get much closer to the bottom using HINDSIGHT!
I expect to be adding more and more of these cases and scenarios to this page as I
find them. In order to keep this page from taking 40 days and 40 nights to upload I
plan to do this page as follows.
I will list any stock that I have a report on below by its symbol. I intend to list the
date of the downgrade and who did it. Hopefully, I can get that info on one line.
The stock symbol will be hyperlinked to the page that contains the info on that
one downgrade. Each stock will have its own page. You will simply click on the
stock symbol to go to that particular stock and the story about it. I hope to make
this page VERY INFORMATIVE and to show just how bad these people really
or. OR, maybe how very, very good they are at getting people to sell out of
GOOD STOCKS so that they can churn and burn accounts as they end up
reselling these people these same stocks at higher prices, getting their
commission going both directions. Only time will tell and we will see.
AMZN: Downgraded 11/11/98 by Needham and up 72% just 12 days later!
Everen jumps on the downgrade bandwagon on 12/01/98 and stock is up $25
(13.2%) per share in just 5 HOURS! Up 91% in 33 days!
ASTE: Downgraded 07/02/98 by Raymond James and up 50% in 120 days!
BMCS: Downgraded 10/16/98 by Goldman Sachs and up 25% in 13 days! Up
50% in 46 days!
CLX: Downgraded 10/20/98 by DLJ and up 10% in two weeks!
DELL: Downgraded 11/13/98 by Ashok Kumar of Piper Jaffray. Sell on his
advice and you get $63 a share. Click on DELL and read my comments. We will
see what happens here! I'm BETTING with REAL MONEY that Kumar doesn't
have a clue about what he is saying in his "note"!
DHR: Downgraded 11/20/98 by Salomon and up 20% in 40 days!
DPL: Downgraded 11/18/98 by HSBC Securities and up 14% in 40 days.
FON: Downgraded 11/05/98 by A G Edwards and up 17% in one month!
FRE: Downgraded 10/16/98 by Prudential and up 17% in six weeks.
GD: Downgraded 10/09/98 by Paine Webber and up 20% in less than a month!
GPS: Downgraded 10/01/98 by Morgan Stanley and up 45% in 40 days! Up
60% in 57 days!
HBOC: Started by good ole Alex November 12th and then downgraded
November 16th. Would you believe wrong on both counts? If you bought it on
their start it goes down every day. If you sold it on their downgrade it goes
straight up. In fact, if you had bought on the downgraded you'd be UP over 10%
in less than 24 hours and up 18% in less than 48 hours. They could not have
picked the bottom ANY better if I let them pick it NOW in hindsight! And, they
are right on once again! We already know how bad they are with their
downgrades on stocks hitting new highs. They don't appear to be any better
downgrading stocks hitting new lows. Somebody apply for a job there and get
them out of their misery.
IMNX: Downgraded 11/20/98 by BT Alex Brown and up 19.4% in 17 days!
JNJ: Downgraded 12/21/98 by BT Alex Brown and up 9% in 10 days!
KRB: Downgraded 10/27/98 by CIBC and M Lynch - Up 23% in 60 days.
MRK: Downgraded 10/20/98 by Vector and up 21% in 34 days with hardly a
down day since!
PAYX: Downgraded 10/01/98 by Edwards & Salomon and up 19% in a month!
Out of all of these "in the know" people that I have followed I have found BT
Alex Brown to be the very worst by a LONG margin. Just take a look at VRTS
below. Brown religiously downgrade stocks that are up 100% from their
downgrade point in relatively short periods of time. They have today, November
16th, just downgraded PAYX and you could have sold it for $53 a share. Let's
watch and see what happens. I can almost ASSURE you what will happen. They
say sell - BUY usually works out VERY WELL when they tell you to sell! We'll
see!
PMCS: Downgraded 11/05/98 by Needham and up 31% in the next 29 days.
Another bottom nailed down for us! Thanks Needham, don't know what I'd do
without you.Needham is beginning to really push BT Alex Brown HARD for first
place.
SCH: Lets see if they know THEIR OWN industry! Downgraded 10/16/98 by
Deutshce/Morgan Stanley and up 38% in 60 days. Guess they don't know their
own any better, huh?
SEPR: Downgraded 11/09/98 by Gruntal and up 19% in 20 days and headed
HIGHER, not lower! Now one month after downgrade at $74 Gruntal
UPGRADES back to where they had it in the first place but now at $84 a share.
A new investment strategy or just the same ole game - sell low and buy it back
higher!
SLR: Downgraded 10/27/98 by Morgan Stanley and up 14% in just 9 days! Up
22% in just 20 days since downgrade! Folks, on December 15th I am going to
have to close this one. Morgan has now decided to upgrade it. Downgrades at
$55.31 and upgrades at over $70 just 47 days later!
SPLS: Downgraded 11/13/98 by Prudential and up 25% in 49 days (185% in
yearly terms)!
TXN: BT Alex Brown and Needham both are going to hop all over this one. Buy
on Brown's downgrade on October 21st and 43 days later cash out for a 40.5%
profit. Buy on Needham's downgrade on November 23rd and cash out 11 days
later with a 7% profit. However, give it time. With these two on the same train
this stock may go to PLUTO before it stops. Folks, it may not, but give me a stock
that is UP 40% in 43 days from the day of the downgrade. I'll take as many of
those as I can get!
VRTS: Downgraded 10/06/98 by BT Alex Brown and up 107% in a month!
And if you are really patient after you buy on their downgrade you'll be up
144% less than two months later!
YHOO: Downgraded 10/08/98 by Everen and UP 127% in 45 days!
This company COGIF increased revenue and profits from their last report is nothing short of exceptional and I guess the only reason it went down today was profit taking, after all it has gone up a lot....
and as far as I am concerned it will go up a lot more in the future... |
