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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: nonzeroa who wrote (7172)11/19/1997 5:10:00 PM
From: Pancho Villa  Respond to of 9285
 
Zeroman >>I've got no problem longing stocks on analyst downgrades. Can you believe these guys get paid for these calls?!<<

This is the only way in which I think analysts are of any help they love to downgrade close to a bottom. It is sometimes a good idea to hold a bit longer and momentum may carry the price further down. Of course things not always work! my tendency is to ignore analysts all toghether and trust my own work. I think I have said it before the S&P guys seem to be as good as any and since they do not sell stock IMO they do not take up/downgrades as lightly as most in WS.

Pancho

PS: I am long WDC but don't know if this is the right time to jump in. Downside risk probably less than long CTXS!