Hi guys this theory that profit downgrades are always followed...

Hi guys
this theory that profit downgrades are always followed by more is one of the things repeated in the market like a mantra without merit. some downgrades provide the perfect opportunities . Brambles a few year back, Aristocrat leisure as well. So my point is look at the reason for the downgrade. it may be a buying opportunity , it may be neutral , it may be a sell . at this point I would say neutral to a buy given nature of industry