manohmanoh

Short Ideas: Kick GM While It's Down

Have you ever back-tested a strategy based on analyst upgrades and downgrades? Give it a whirl ... sad commentary on the "talent" embodied in that industry, truly. No doubt GM has its issues and headwinds ... but for me personally, unless an analyst has meaningful insight (rare, quite honestly), I take their upgrades and downgrades with a grain of salt ... in truth, I have to rein in the true cynic in me that wants to take it as a contrary indicator (which is also a mistake, in the sense of putting too much weight on their opinions, contrary or otherwise)...