Talk:Gaigrander, "Analyze Form"/@comment-4842541-20150722023737/@comment-11372432-20150722033236

The target isn't lost, since the target is the player, not the item, so the attack still goes through. That said, I would imagine that it uses the new stats and calculates based on that, so if your opponent attacked you with say, Thousand Rapier, then you equip this, the attack wouldn't go through.

At least, that is how I see this.