April 16, 2010
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Ever Notice When Your Stock…
How does a firm (in this case Credit Suisse) cut it’s rating on a stock from Outperform to Neutral, but same day ups it’s share price projections from $5.25 to $5.60? Man, the things these investment banks do to manipulate the market so that it’s clients can buy in cheaper. The stock dropped 10% on the downgrade announcement… but shouldn’t it go up on the earnings projection? Doesn’t make sense as to why they would even downgrade.
Wall Street speak: For our VIP clients that receive stock analysis reports, we’ll put in a downgrade so that you can buy in at a discount since we think this stock is going up within the next 6-12 months.
Totally legal market price manipulation. I wish the SEC would fine investment banks for giving two conflicting projections.
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Comments (2)
Finance speak is like another language!
see GS…