Why one anylist has that much influence is beyond me. The same thing happened to American Capital Strategies (ACAS) earlier this week. It went down 7 points and back up 7 points. I humg on because of the dividend.
I bought CNSL at $20.02. So I am back in the black.
these analysts think they know what a stock should be priced at... Whenever I think about whether they are right or not relative to what the market is gonna do..i think of stocks like Pfizer. 5 o 6 analysts have rated this low divvy paying pig a strong buy for over 5-6 years now and the stock has gone nowhere. Like they know. I used to hate them. Still do to a point..now i use them to create buy points.
I have noticed lately that every single one of my stocks that have done well, have been systematically downgraded by some *anal*yst, and then they take a big dive..then take weeks to recover. Usually the *anal*lyst prick is AGE (AG Edwards)..who has apparently been on the prowl lately. This time its Citi. Its always someone. Take any stock that is doing well..and eventually some analyst will downgrade it. Happens every time. Look at it as a buying opportunity to pick up more yield.