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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: CMon who wrote (7747)	10/6/1999 11:43:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 29987

<<But my question stands: When an analyst sets a price target, and the shares reach that target, are you surprised to see a downgrade? Isn't that what analysts should really be doing?>> Hello, CMon. Personally, I don't pay much attention to the (majority of) analyst's upgrades/downgrades except to a limited degree as (frequently) contra-indicators. Their research write-ups sometimes make interesting reading (I tend to enjoy alternative perspectives even if I don't agree with them) but I don't remember a time when an analyst's report got me into a stock. To each, their own. To answer your questions more specifically, I'm not surprised to see a downgrade when a stock reaches a preestablished target. Not that I agree or disagree with the action, I simply am for the most part not that interested. With regard to whether or not that's what analysts should be doing, I am not that interested in the analyst aspect of the market to spend significant time considering it; although it is somewhat interesting to watch how the upgrade/downgrade game seems to be played on occasion. I have this nagging sense that the motives are not always purely for the benefit of the reader. I could be wrong about that and I'm sure there are many analysts who do a superb job within their profession. Your questions might be better answered by someone who considers analyst recommendations to a greater extent in their selection of stocks. More interesting: How do you think G*'s upcoming rollout will pan out? ...Tim