Idiot sellers should wait to see analyst upgrades first.....
Analysts
Starting to think these guys are just like the old snake oil salesmen with their lofty predictions of use their oil which will cure every thing that ails you , same think we see with stock value predictions going forward , blah, blah.
, blah ,blah, in 12 months out.
12 months later not much upward movement in SP. they then have another spiel etc.
Thats what it seems to me on a number of stocks I have held that they say have a glowing growth future, not many come to fruition and reach the predictions, then they give us their reasons why the stock is mired in mud.
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Re above post, yesterday 67 or 69 analysts guessed that the CPI numbers would decrease , today when the CPI numbers were released 67 or 69 analysts were, as per Squawk Box, "WRONG", CPI numbers increased.
WOW--experts my arrse !!
I rest my case.
regards