It's lost about 80% of its value since its high of 120 earlier this year. Right now on the WSJ page, 2 analysts out of 17 rate it a strong buy and 6 are rating it as a buy. Another 8 rate it as a hold. They rated it even higher than that 3 months ago when it was falling like a stone. With advice like that, you might as well pick your stocks with a dart board.
KT,
ReplyDeleteI firmly believe that you can't pick stocks. The market has discounted all known factors. If there is some hidden factor that only you and company employees know, there is a phrase for that, "insider trading." For a fascinating account of one broker's personal journey see this article from Conde Nast Portfolio.
You mean you *don't* pick your stocks with a dart board? I understand that that is a proven technique for outperforming the majority of analysts.
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