on the same page when it comes to dpac. I have been in dpac since 1996 and have made an absolute killing. I have always kept my core holdings and had a nice chunk of trading stock. Like you I kept advising caution and thought that a trading range of 11-13 was healthy. I also think we will see the mid twenties in the next 6-9 months. I think this flushing out of short term traders will make the stock trade more evenly. I hear you are a Jersey native I am originally from Pittsburgh. I think we should chat about some other stocks we might be able to share some insight on. I also think Weisel has done an admirable job. I have to laugh at some of these "stock experts" that buy a stock after a 140% run up. Then it corrects and all of a sudden their are conspiracy theories nad calls for an investigation. A stock trading at 7 with a price target of 16 is a strong buy. A stock trading at 16 with an 18 dollar target is a buy if that. Pure and simple. Anyone looking to get rich quick is on the wrong board. 100% a year works for me.
article I just read at fool.com . Good read. Exactly what we have been talking about.
There are two problems with analyst ratings. First, a rating is often based on a price target, which is a guess at where the stock will be trading within the next six to 12 months. Fools know that no one can accurately predict the market's movements in the short term, let alone a stock's exact future value.
Secondly, the system is infected by a serious conflict of interest. Brokerage firms do more than research companies and make goofy commercials. They also provide consultation and investment banking services to corporations. That means BIG bucks. For example, 32 percent of Goldman Sachs' revenue for the first half of this year was derived from investment banking services. That's why you won't see many "sell" ratings: Brokerages don't want to alienate potential clients by talking smack about their stocks. (In fact, many firms don't even have a rating below the "hold"/"neutral" status, while others choose a softer phrase such as "speculative" instead of "sell.")
Earlier this year, Borders Group hired Merrill Lynch as a consultant. On the same day, a Merrill Lynch analyst raised his rating on the company. Coincidence?