Originally Posted by
dba74
Helane Becker is the same analyst that advised buying AMR stock just before they filed bankruptcy. Often times, in my experience, you can do the opposite of what an analyst says, i.e. reverse psychology. The analysts' firms may be short the stock or trying to buy a lot more, so they want the price to go down, say before the earnings announcement (a week from today) in case it pops much higher on an earnings beat and solid outlook.
Not only that, but they can also be behind the stock. Look at the past 6 months. The sell rating should have come in April.