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Technology Stocks : STAR Telecommunications (STRX)

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To: Spaw who wrote (578)3/11/1999 11:01:00 AM
From: Jeff Bond  Read Replies (3) of 780
 
Beat it down ... then BUY more!!!

There is a seriousness sickness that pervades the industry, where I come from we call it lying, but perhaps now it is being referred to as investing guidance.

My personal feeling has been to always ignore the upgrades/downgrades (as much as they do affect stock price movement), since they can come at any time, and they do NOT coorelate with absolute certainty the price movement of the stock.

I buy based on performance of the company, hold for the long-haul, and ignore the spew of the investment professionals. If we watch the buying, my guess is within 90-120 days we'll see accumulation and upgrades (possibly from these very same people). These people drink WAY too much coffee, they need to chill ...

Regards, JB
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