Re: [CANSLIM] In this trader's market

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] In this trader's market
Date: Wed, 15 Jan 2003 20:51:25 -0700

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Seems like it's a bit hard to ignore analysts if one downgrade from buy to
hold causes an 18% drop in your stock (I don't own BLUD).  Perhaps the
market's stronger resistance to bad news in the fall of 2002 is beginning to
erode.  Maybe it's just jitters associated with today's distribution day.

 Rolf


> Yes, It think its fairly common in these canslim-momentum type stocks for
> there to be some rapid sell offs, even in a strong market.  I would also
say
> that analysts upgrades and downgrades are best ignored.  Some
> conspiracy types even think upgrades and downgrades are issued for the
> purpose of allowing clients to unload a stock (an upgrade) or buy a stock.
>
> On 15 Jan 2003 at 20:10, rchodes wrote:
>
> > Is this a common fate for CANSLIM stocks or a relatively new trend by
analysts
> > to show that they are not afraid to downgrade a stock to a HOLD or even
a SELL.
>
>
>
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