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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?


To: monsoon who wrote (4344)3/18/1999 11:56:00 PM
From: TraderGreg  Respond to of 6021
 
Monsoon--It is a certifiable fact that if you listened to the ANALyst, you would have been BUYING, with vigor, NETA while it was in the 40s and low 50s, right? After all, the experts told us that it was a strong BUY then.

Now, the poor dumbass who uses the contrarian approach would ignore the strong buy and "foolishly" make their first buy after the downgrade, and really load up if it is made a neutral or hold.

Now, there are certainly no guarantees that buying in the 30s will be a profitable experience in the short run. But there can be no dispute that those who bought today in the low 30s will outperform those who bought when the stock was a "strong buy" in the 40s.

TG