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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (2577)	1/16/2001 5:04:19 PM
From: Biomaven	Read Replies (1) \| Respond to of 52153

Analysts are almost always lagging indicators. In fact, I would think that the technical analysts could do a great job of predicting current analyst positions. If the stock has gone up a bunch, the analysts will all be "buys," if there's been a recent crash then the analysts will all be "hold/sells." Occasionally you will see a "downgrade on valuation." However, the analysts who do this then have to endure the flak from the bulletin boards, the company and (most importantly) from their investment banking colleagues. Peter