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Thought for the day

Post by JR8 » Fri, 08 Mar 2013 1:57 am

Banks/brokers give ratings to stocks.

These range across the spectrum:

Strong buy
Strong sell

In practice, anything rated Sell never mind Strong Sell is as rare as the Second Coming*. Essentially, such ratings do not exist.

So when you read a stock rating, consider that:
Strong Buy = Buy
Buy = Hold
Hold = Sell

* I worked at a place doing finance IT. The database of c90,000 stocks that were traded there, did not include a single one with a Sell/Strong Sell rating. In fact we had to create dummy securities with such ratings to test the systems...!

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