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Expert Opinions
Old 05-09-2007, 07:31 AM   #1
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Expert Opinions

Goldman Sachs has upgraded IBM, now at 104.30 in early trading.

They downgraded it on April 18th, when it was 94.80, so if you follow
the "experts", you just missed out on 10% gains in 3 weeks, nice
call guys!!
This is why I do index funds
TJ
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Re: Expert Opinions
Old 05-09-2007, 08:37 AM   #2
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Re: Expert Opinions

They downgraded in April so that they could buy shares lower for themselves. They are now ready sell, so they announced an upgrade and want to eke out another percent or two profit. They know exactly what they are doing ... they are experts after all.
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Re: Expert Opinions
Old 05-09-2007, 08:38 AM   #3
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Re: Expert Opinions

It is surprising how often that happens. Looking at Yahoo data it appears they've changed their opinion on IBM four times in the last twelve months.

I've owned some IBM shares since the early 90's. My opinion was "Buy" back then and then I downgraded it to a personal "Hold" ever since.
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Re: Expert Opinions
Old 05-09-2007, 09:23 AM   #4
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Re: Expert Opinions

Quote:
Originally Posted by teejayevans
Goldman Sachs has upgraded IBM, now at 104.30 in early trading.

They downgraded it on April 18th, when it was 94.80, so if you follow
the "experts", you just missed out on 10% gains in 3 weeks, nice
call guys!!
This is why I do index funds
TJ
I have made more on stocks in my life than any mutual fund, but it takes a little digging and a lot of patience..............
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Re: Expert Opinions
Old 05-09-2007, 09:29 AM   #5
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Re: Expert Opinions

Quote:
Originally Posted by FinanceDude
I have made more on stocks in my life than any mutual fund...
Another point of view: could it be you just haven't lived long enough?

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Re: Expert Opinions
Old 05-09-2007, 09:31 AM   #6
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Re: Expert Opinions

Quote:
Originally Posted by REWahoo!
Another point of view: could it be you just haven't lived long enough?


Well, there was that certain month in 1987 that set me back.............
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Re: Expert Opinions
Old 05-09-2007, 10:02 AM   #7
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Re: Expert Opinions

Quote:
Originally Posted by FinanceDude


Well, there was that certain month in 1987 that set me back.............
Yeah, me too

I was in 5th grade on black monday
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Re: Expert Opinions
Old 05-09-2007, 10:23 AM   #8
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Re: Expert Opinions

Quote:
Originally Posted by saluki9
Yeah, me too

I was in 5th grade on black monday
Youngster................

I guess I got giddy after buying MSFT a month after it went public, and then selling it WAY too early because I felt a 500% return was "all there was".................. :P :P
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Re: Expert Opinions
Old 05-09-2007, 10:32 AM   #9
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Re: Expert Opinions

Quote:
Originally Posted by teejayevans
Goldman Sachs has upgraded IBM, now at 104.30 in early trading.
AKA the "upgrade kiss of death"...
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Re: Expert Opinions
Old 05-09-2007, 11:02 AM   #10
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Re: Expert Opinions

Quote:
Originally Posted by saluki9
Yeah, me too

I was in 5th grade on black monday
I sold all my stock the week before to buy a Corvette, who says that
living above your means is bad?
TJ
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