El: Just noticed your comment about how you prefer to listen to analysts. At the same time you keep asking how could the analysts have reduced estimates so drastically, what was their reason, there must have been a reason etc etc.
All the analysts' reports have been published on this thread. All their reasons are given.
Against that you also have the statements of COMPAQ as well as of many other commentators, market surveys and people on this and other threads.
I am really puzzled why at the end of all of this you still wonder why the analysts reduced estimates. Be honest, if you still don't know why, after all of this, would you really have sold when the price was $35? Especially as the analysts were not recommending a sell but a buy, strong buy at $35 and in a few cases a hold.
Neither you nor anybody else got a choice to sell on their downgrades above $35 because of the gap-down - so all that is acadmeic. If you had sold at $35 you would have been foolish - unless you were a very nifty, decisive trader willing to buy back in when it was headed down to $30 amid all the gloom, some of which you shared as you said it was going to the mid-20's.
If you think it is going to the mid-20's shouldn't you be selling on today's strength? If you follow the analysts you should be buying or holding. |
