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The Est Message Board

  • buda8901 buda8901 Jul 7, 2011 10:41 AM Flag

    weeden starts el with sell..

    I remember several years ago, I was trading ati, and when it broke out, I bought it. The pps rised ( i was excited), and then, the next day a very hard downgrade came. ati went down almost 2 bucks, I panicked, and sold. The next day it went slightly up, but I did not dare to buy it again..... it had a downgrade on valuation !!!!. Yes, it went up the next day, and the next..... it doubled from the breakout......
    My point is that downgrades on a very strong stock making new highs happens often, they serve to allow big institutions to acumulate for a couple of days before the stock runs away.
    This was a nasty downgrade by weeden, totally opportunist given the new high on low volume yesterday.
    Do not invest based only on analyst.

    Look today at departmente stores, their sales are flying, and sales of el are improving fast and steady¨. DDS id up 6% , their main cosmetic products belong to EL.

 
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