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Recommendations: 0
If you are interested in Battipaglia's record, you're going to love this:
On February 4th, 2000, he was fielding some questions on CNN:
http://cnnfn.cnn.com/2000/02/04/investing/talkingstocks/
Excerpts:
Name: Gigi, Mass. Question: What is your opinion long-term? I would like to purchase a "budding" CMGI or other cheaper stock preference in this communications group. Battipaglia: Long-term we're very bullish on CMGI. We believe the company has a very bright future. It's hard to put a value on it; assets are real, the potential is quite large.
CMGI!!!! For people who don't know, CMGI is one of the poster child for the dotcom crash. On Feb 4th, 2000, it closed at $118 and change. It is now worth $2.75 (the decimal is at the right place)
Name: Ali, United Arab Emirates. Question: I would like to know your opinion about Lucent Technologies. Battipaglia: We have been given an excellent opportunity to buy the stock again. We're confident that the management can correct their operations problems, and at the same time, we're very excited for their fiber optical area, which might spin off soon. It's a great time to buy some more of this stock at these levels.
Lucent was $53 then. It is now $7.43.
I was just starting to invest when I read this. I was tempted to follow th advice. You know the mentality: just follow the recommendations of the "experts" so you won't have to make any effort to find good stocks.
Fortunately, there's one good thing I learned from the Fool. Make your own dd, and don't take for granted that the analysts are wiser than yourself. So, thank God, I did not buy CMGI or LU! (I bought other stuff which has gone done, for sure, but not as much!)
Patrick
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