RE: A word on analystsDude, I agree and disagree at the same time. Yes, it is true that there are bear analysts and bull analysts, and I agree that you need to take sides. In the beginning of 2008, analysts were saying do not buy bank stocks. If you bought TD bank in the beginning 2008, you would have bought it at the $72 range. The stock did not go back to the $72 range til a year and a half later, so yes analysts were right, not wrong as you state. During that year and a half the stock lost 50% of it's value. Now in hindsight, its pretty easy to say well if you just held it you would have been fine. However, in the middle of a crisis, when an avergae investor sees his portfolio plummeting, smart investing goes out the window and fear sets in, and panic selling begins. That's why only 1% of the worlds population is well off. Now as for the current crisis, until someone convinces me how adding more debt(stimulus) to a system that is already overburdened with debt will help solve our problems, I will remain on the bear side. And again I STRESS, this has nothing, NOTHING to do with GCU! This is the most undervalued stock I have seen, however when smart investing goes out the window and fear sets in, all bets are off. I have been asked in many private messages, "well are you not scared that you will miss the bounce"?? My answer is, NO!, I am more scared waking up one morning and finding out Greece has defaulted, and that the market is crashing.
Anyway thats some food for thought, I can tell you that I do enjoy these debates so keep em coming. Dude, Barsian, moneyworth, and good ol barn, please, please try and convince me that I am wrong in what I am saying! I hope I am wrong, but for me, all the facts point to what I am saying is right.
Happy Thanksgiving to all
Booyaaca