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alstry (36.32)

HOLD on for the crash!!!

Recs

8

February 21, 2008 – Comments (4)

Soleil Securities Group Inc. analyst Scott Tilghman said in a note to investors on Wednesday that Sharper Image's filing was not a surprise. Tilghman, who had rated Sharper Image "Hold," said he was discontinuing coverage of Sharper Image.

"We find no reason for investors to be involved with Sharper Image in the near term," he wrote.

 

Let's think about this for a second.  Before the filing, the above analyst thought his firms's clients should hold the shares.  He seemingly expected the bankruptcy filing because he clearly was not suprised.   Then after the filing he finds no reason to be involved with the company?

Can you imagine the logic these guys use on other "investments?"

4 Comments – Post Your Own

#1) On February 21, 2008 at 9:32 AM, AnomaLee (28.76) wrote:

You can't just take analyst recommendations. The only thing they write you can ever consider are numbers.... 

MBIA has 15 Holds.... Zero buys

Ambac has not had a Sell Recommendation in 5 months 

 

What a joke.... No one wants you to sell your stocks.  

No matter what... they cheer @ the closing bell because at the end of the day... They made their money no matter which way the market moved 

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#2) On February 21, 2008 at 11:15 AM, mickeyc21 (29.75) wrote:

Alstry do you have a source for this?

Im keeping a list of how analysts and others are behaving during this time

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#3) On February 21, 2008 at 12:02 PM, WillSurfForFood (70.92) wrote:

In analyst speak a hold means sell. And it follows a buy means hold and a strong buy actually means a buy. Anyways I though people stopped listening to analysts in 2001 or so. Unless you know a specific analyst and the work he/she does there is no reason to give any value to what they say. Most analysts work for investment banks and may do business with the firms they rate. This is why sell ratings are almost never issued.

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#4) On February 21, 2008 at 12:23 PM, alstry (36.32) wrote:

The source for the above quote:

 http://news.yahoo.com/s/ap/20080220/ap_on_bi_ge/retail_bankruptcies_2

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