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Technology Stocks : GSLI Lumonics -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (320)	11/2/2000 8:07:32 PM
From: Cheeky Kid	Read Replies (1) \| Respond to of 328

I would not blame the analyst 100%, it's the investors that panic BUY or SELL. Remember when I posted in July the three downgrades for this stock: Message 14010534 from Canadian analysts and other posts about the amount the company was making on it's optical division and my concerns that the CEO blew out 90% of his stock. I sold my stock in the 40's and it ran into the 60's. (Canadian) Message 13737271 People were buying it because they figured this was an "Optics Play" yet only a tiny portion of the company was involved in the optical sector: Message 13982797 Investors panic bought the stock and it ran fast. I posted contrarian views and was branded a short seller. So I would not blame the analyst's 100%, and I would not be surprised if some of these people do this just for their own benefit, but the problem lies with the investor, they are too quick to sell when really bad news <<LOL>> comes out like a downgrade from a "strong buy" to a "buy" and yet the target price is still way above where we are trading at right now. Blame the investors and this discount broker / Internet trading. That's causing the problems. I am willing to hold this for a few months and see what happens from there. I feel good about my decision to buy today.