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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (2469)	5/24/1999 3:23:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

I think it is a positive indicator, but I use it with a lot of caution. I would never use it as the sole reason to buy a stock. Some people might go so far as to call it a "random" indicator, since after a positive recommendation the stock might go down, or with a downgrade, the price might go up. My observation is that a positive or negative recommendation might momentarily drive the stock price up or down 10 to 20 percent, but the effect wears off in a few days. I feel it is more indicative of a stock price trend if several analysts all vote in the same direction over a relatively short period of time. For the most part, I use the analyst ratings as a method of sorting a group of stocks to get a different perspective. It only gives me a starting point for further review.