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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (103095)10/17/2003 7:27:32 AM
From: DRBESRead Replies (1) | Respond to of 275872
 
re: "Deutsche Bank Securities raised its rating on the stock[AMD] to "hold" from "sell" on Friday"

I heard it on CNBC along with some undeserved self serving statements about how it arose from improvements in PHALASCH that they had been reporting on all along...SHEESCH.

I believe that most WALL STREET firms have written or unwritten guidelines that prohibit upgrades of more than two increments at one time. Those guys must be getting increasingly nervous.

Living well is the very finest revenge,

MOONSHOT



To: TGPTNDR who wrote (103095)10/17/2003 9:55:42 AM
From: Joe NYCRead Replies (2) | Respond to of 275872
 
tgp,

Deutsche Bank Securities raised its rating on the stock[AMD] to "hold" from "sell" on Friday.

How do you go from sell to hold? If you sold, there is nothing to hold. The logical progression is:
buy
hold
sell
buy
hold
etc.

The only way it makes sense if the analyst's assumption is his irrelevance, that people did not listen to his "sell" advice. But if analyst's presumption is irrelevance of his recommendation, why make recommendations at all?

Joe


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