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Response Genetics, Inc Message Board

  • calif_grl99 calif_grl99 Aug 9, 2011 10:38 AM Flag

    Analyst a complete moron

    Hopefully investors don't fall for this ruse. Granted growth isn't as fast as it had been when it was doing 60% growth y/o/y - but they are still growing nicely and look like they will be profitable soon.

    This downgrade is motivated by two things -

    1) RGDX did not use DeGeeter (Ladenburg) to raise money in May, so he is paying them back with the downgrade. Yes, with revenues down for ALL wall street firms, analysts are forced to pimp themselves for investment banking deals. There is tremendous pressure on analysts to "help" secure clients for the IB arms. Unfortunately RGDX is a company that has not wanted to "pay the street", so this is what they get in return....

    2) Also, since this stock is illiquid, some funds have been left out of this name, looks to me like he is trying to shake the tree to get them some shares here. Ugly market conditions coupled with a downgrade usually gets some of the weak hands to sell shares. Usually once they get the shares they need, on the first piece of good news then he raises it back to a "Buy" - this is an old trick to screw you out of your shares....

    - This shows you how tainted / corrupt WS and the sell side analyst industry really is. They will always try and screw small shareholders to help the funds that buy shares through them and bring in commissions

    Why didn't he acknowledge the fact that they beat his Q2 estimate numbers handily? What a joke this guy is... he probably just lost any potential future business from this company now, is my guess.

    Oh well, some other firm will pick up coverage with a buy and the stock will go up and this guy will look like the schmuck that he is.

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RGDX
0.81+0.01(+1.25%)Aug 27 4:00 PMEDT

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