Market Comments Submitted by Nick at Ambitions as a Stock Trader
Submitted by My Ambitions as a Trader and Investor
Stock Analyst Assault...
This week has been very rocky for certain stocks as a string of analyst downgrades trimmed more than a few points off most of the markets would-be winners. Some of my stocks have been hit as well including: NWK, OMTR, and SILC. Be careful when playing with stocks that have been downgraded by analysts. Although analysts are often wrong in their assessment and sometimes upgrade and downgrade stocks for their best interest, it is wise to just stay clear of the drama that may ensue. Remember that analysts and their evaluations hold weight and their advice is acted upon by investment banks. It's their word against your stock holdings, thoughts and beliefs. Although I've had some past success with stocks that were downgraded by analysts (PLXS-downgraded 3 times before it broke out), it seldom makes sense holding a loss in a stock that has taken a hit after an analysts rash thoughts on the companies future prospects, when there are plenty of other stocks out there showing strength.
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Labels: NWK, OMTR, SILC, small cap stocks
