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To: stockroach who wrote (7106)11/1/1997 8:52:00 PM
From: Mike Learner  Respond to of 14577
 
The following post is clipped from SI:ASND

To: Moenar (20382 )
From: Addi Saturday, Nov 1 1997 1:41PM EST
Reply #20385 of 20434

Regarding UTENDAHL CAPITL brokerage house/analyst/whatever (!) changing recommendation from Hold to Strong buy:

I really wished they had not done that! This is how I think of analyst's recommendations:

Strong Buy: We have a couple of big shot clients who really really badly want to get out of this stock!

Hold/MarketPerform:: We have a couple of hot shot clients who want to get their hands on this stock but are not in a rush to do so.

Underperform/Sell: Our big shot clients want to get their hands on this stock Now, and we mean NOW!

It is just amazing that the latest upgrade to a strong buy comes from the same people who had the stock at hold when they had a higher earnings estimate for the company, and then change that to a strong buy while reducing their estimates!

Regards,

Addi Jamshidi