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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (18274)	3/28/1998 9:12:00 PM
From: stockycd	Read Replies (2) \| Respond to of 70976

J, I think analyst make recommendations purely for their own benefit. Why should they care if you buy a certain stock or not? Here are the two situations: 1. If an analyst upgrades, they WANT the the stock to go up for some reason. 2. If an analyst downgrades, they want the stock to go down for whatever reason. This sounds fairly obvious but I don't think enough people realize this. I agree with your post totally. CD

To: Jacob Snyder who wrote (18274)	3/28/1998 11:50:00 PM
From: Rusty Johnson	Respond to of 70976

I couldn't agree more.

To: Jacob Snyder who wrote (18274)	3/29/1998 12:34:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Jacob,>After 3 years at investing, I've simplified my strategy to this: 1. Make a short list of great companies. From this list: 2. buy when the last analyst downgrades, and 3. hold till the last analyst upgrades. Sorry, had to get that off my chest.< I agree with you. I have noticed the same things you have stated. I search for those companies which have near monopolies in their sectors. Following the Dorsey Wright Sector Bull Percentages I let the statistics indicate to me what sectors I buy into. Then, I invest in the company in the sector with sound fundamentals (NAIC data used) and which is below the 30% (Oversold area) area or slightly above it. Then, I just set back and wait for the company to move up statistically. Naturally, by that time the analyst have upgraded during that time. Also, I like those sectors which have wide swing between the Oversold area (30%) and below and the Overbought are (70%) and above. Those sectors appear to be the SEMI and Biotechnology off the top of my head. I know there are also a few other sectors which also have large swings. Thanks, for you feedback. I am amazed how your thoughts and mine track. We must be flexible in our thinking when investing. Just my $.02. Paul V.