squiffy
04-15-2004, 05:32 PM
In general, I start to get nervous when many analysts, say 20 are following a particular stock that is at a 4-5 year high. It's one thing if it's a high-flyer with room to grow, like a young Starbuck's or a young BBY Best Buy. But with a stock in a cyclical industry, analysts tend to come very late to the party. And they tend to recommend stocks which have already experienced huge run-ups. So I generaly get very worried and bearish if a stock has 20 analysts.