My post yesterday about buying growth stocks on “Bullsh*t Downgrades” generated a lot of emails in response – guys are coming out of the woodwork with stories and anecdotes about amazing opportunities they’ve seen created when stocks with huge potential and secular tailwinds are temporarily kneecapped by an analyst with a myopic view or a hidden agenda.
And then it struck me that we need a name for this type of thing. Can’t go using the term “Bullsh*t Downgrade” in polite company.
So I came up with the term “Clowngrade” instead. As in: “Can you believe that imbecile at XYZ Securities just clowngraded Apple over iPod margins?”
Let’s try it out for awhile and see how it feels…