Anavex Life Sciences Corp (AVXL)

[skitahoe]

My problem with many analysts comes when their targets are hit. Often they will lower their rating to hold and announce new buy ratings rather than setting new targets for the stock. If the stock doubled, they take full credit, after all, they said hold. Where do they think the money comes from when they say buy this, but hold that?

To me, a good analyst reexamine a stock when a target is met. At that point, either a new higher target should be set, or if no further growth is seen for awhile the rating should move to sell.

Most analysts are pushing the stocks their brokerage tells them to, little of their own thoughts apply unless they are independent of a brokerage.

Gary