Fred, RE:<<When he tells everyone to start buying again, INTC will be trading significantly higher then when he told everyone to sell.
This is how these guys operate. Pathetic yes, but nothing new. The analysts are masters at telling everyone to sell low and buy high.>>
Well, if his last "buy" call is any indication, that isn't true. He upgraded the stock to "strong buy" in April '98, with the stock trading a little under 80, pre-split. He downgraded the stock at a little more than 61, post-split. That's more than 50%, slightly better than 'pathetic.'
Although this thread is a great source of information, the general take on analysts is comical. The average Wall St analyst isn't a contrary indicator, and neither is a positive indicator. They don't have any insider information, and cannot control where a stock trades. The effects of any upgrade or downgrade disappear in a matter of less than a day. There are a select few that are worth paying close attention to, and the others are nothing more than good sources of data.
The venom directed at these guys and gals is rather funny. The only logic that I can figure behind this venom is that they are getting paid for what others on this thread are doing for fun. The only other conclusion I can draw is that you're looking for someone on whom you can blame poor investment decisions. |
