Peter,
I don't base my purchasing decisions on stock analysts ...I mean sales people.
They work for their client not you.
When their clients wants something they bash ..when the client wants to dump they praise.
As an example take a peek at some recommendations made by Dennis Da Silva, Middlefield capital on July 13, 2010
He stated his top picks are Nuvista Energy, Celtic Exploration an Cinch Energy.
IF you bought Nuvista on July 13, 2010 ...you paid approx. $10 per share...you went into a downslide and by year end you lost have the value
If you bought Celtic Exploration..on July13, 2010 , you were told to buy the stock when it was in a double top formation...but with this one if you were ok handling the loss when you bought it...you finished ok by years end. Mid July was NOT the right entry point.
IF you bought Cinch Energy mid July 2010..you watched your investment slide for 6 months. If you waited it out...it was better 1 year later.