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Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (440)	5/1/1998 11:03:00 AM
From: Scott Pedigo	Respond to of 1956

Both CMND and their underwriters should be held accountable for this travesty. Two analysts lowered their recommendations from BUY to NEUTRAL. That doesn't seem unreasonable to me. Common sense tells me that BUY means that the price is expected to continue to rise, while NEUTRAL means that the price is currently about right. After all, they didn't lower the rating to SELL, or STRONG SELL, or THIS STOCK STINKS or something like that. A stock can't be at BUY forever can it? Sooner or later it reaches some price where it is no longer undervalued. The analysts don't set the stock price and neither do the brokers. It is the market, and in this case, people just like yourself panicked and sold the stock down into the toilet. If they had simply sat on their holdings and waited, neither buying more nor selling what they had, the stock price would not have been cut in half, would it? How can you blame a mere downgrade from BUY to NEUTRAL for such a big panic? Upgrades and downgrades happen every day. It seems to me that many investors must have been very nervous already, which implies that they knew the previous prices were speculative.