Why would anyone ever stop buying a stock that has risen nearly 300%? That is so foolish .... Come to think of it, why would anyone downgrade AAPL at 780? They must be idiots to not keep buying it! Valuation metrics?? #### that. Stock valuation is for armatures ... Everyone knows that stocks that rise 250% in five months are going to go up another 500% immediately. There must certainly be a conspiracy here !!!!
Yes and BoA raised their price target from $5 to $8 in the "downgrade". Considering how far off they were in the $5 I will not take their advice. Their price targets will chase the stock all the way up to FDA approval.
Why on earth would they downgrade the stock now? Are they that stupid? They must be jealous of the rate MNKD flew up to mid-7's and think that their "downgrade" will slow it down some so they can get some cheaper shares. Some simpletons might fall for it and sell but, I'M NOT ONE OF THEM!