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To: Altaf Amin Jadavji who wrote (478)	12/18/1997 8:28:00 PM
From: Jonathan Brown	Respond to of 859

Altaf, you remember correctly. The price had drifted, drifted, down, down, up to earnings. They were awful; up went the stock--but not for long. It collapsed back toward its 200-day moving average (which presently rests around 27). Who knows, this round my invert the last, with a collapse followed by a climb. Fact is (OK, my opinion is), holding through earnings is dangerous, especially a momentum stock. (Assumption: BROD is a momentum stock.) I have even less idea of how to evaluate fundamentals with a Wall Street eye than I do to read charts, so I can't comment on the so-called fundamentals. Maybe they're great; maybe they're not. All I can observe is that this is a stock that can disappoint. Best approach it with caution. But that's not what I meant to write. This is: when analysts make pronouncements, it would be nice to view them as disinterested evaluations of a security's prospects. Who knows, they may even be just that. But little us have no way of knowing. In the best of all possible small investor worlds, analysts might be public servants, impartial as the judiciary. In this world, they may have other motives. Or not. But a "hold" might--no, it can't be, I'm sorry I've even thought it, but all right, I'll say it--a "hold" might work nicely as a device for buying low to sell high (or vice versa). I'm sorry. I apologize for thinking such a thing. Just my 'magination. Two cents. J