Screaming Buys Often At Historical Highs

Don't count on the sell-side for your high conviction trades

I began my career as a “sell-side” research analyst for one of the large Wall Street firms. Through that experience, I learned that sell-side research (brokerage house or investment bank) is mostly trend-following and backpedaling.

For example, when the stock price is $100 and rising sharply, the recommendation is often a Buy. A no-brainer. When the stoc…