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Medtronic plc Message Board

  • thoughtsbecomereality thoughtsbecomereality Aug 3, 2006 4:13 PM Flag

    FIVE downgrades in a day and you

    expect this to rally tomorrow?
    How often do you see even two dg's in one day, let alone five from some of the biggest analcysts out there?
    their job is to pump. When they say hold from buy, it means run for your fukkin' lives.
    Or was the gap down not enough of a hint?
    Maybe a small dcb, but expect 30s within a day or two.
    Just how it is.
    I sold and am waiting for something
    more like a real bottom...don't hold your breath for an earnings run this time!
    Good luck to all.

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    • That is pretty funny about running for your lives. True, but funny. The sad thing is that your "average" investor hasn't figured out that a "hold" rating is a sell.

      • 1 Reply to lieutenantfox
      • Many more downgreades coming.

        Actually six downgrades today.

        Merrill - Buy to Neutral
        Morgan Stanley - Overweight to Equal Weight
        Goldman - Buy to Neutral
        Wm Blair - Outperform to Mkt Perform
        Lazard - Buy to Hold
        First Albany - Strong Buy to Buy

        Downgrades coming tomorrow (current rating):

        Nesbitt Burns - Mkt Outperform
        Rodman & Renshaw - Mkt Outperform
        Needham - Buy
        JMP Securities - Mkt. Outperform
        Bernstein - Mkt Perform
        Kaufman Bros - Buy
        Jeffries - Hold
        Prudential - Overweight
        Key Bank - Hold
        UBS - Buy
        Deusche Securities - Buy

        In other words this is going to get uglier.

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