anyone have input on downgrade, i just caght the street dot com mentioned downgrade to sell?????????????????????????????????
downgrades don't matterfundamentals don't mattertechnicals don't matterhedge funds liquidating at any price DO MATTERright now, they are ALL that mattersthe question is: are hedge funds going to be allowed to take down the world economy?
GMP Securities is a Toronto-based brokerage that took SLW down to $10 this morning, from $19.http://www.financialpost.com/analysis/story.html?id=6179a9a0-19f9-4ace-8e9a-441034b75995&k=10415Is the link that will show you the relationship between the Vancouver based SLW and these Toronto based securities financers.http://biz.yahoo.com/ccn/080131/200801310439600001.html?.v=1&printer=1Will also help explain the relationship. BTW, I'd gladly sell at $10 right now. Hope these links help.
Silver Wheaton Tgt Cut To $10 From $19 By GMP >SLWOct 24, 2008 08:30:22 (ET)(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)October 24, 2008 08:30 ET (12:30 GMT)Silver Wheaton is Oversold! Rebounding in after hour trading.
On 24 October Reuters reported GMP reduced the target for SLW from $19 to $10.Not only is this old news, it isn't a "downgrade" nor does it tout selling or buying.It just adjusts the value of the stock from the underwriters standpoint that made the initial valuation for the GG sale.It's NOT a "downgrade" to "sell", it's a re evaluation of expectation, and it's fine by me.I'll take ten for my shares right now.
Kinda late to be giving that kind of advice. Probably some overpaid anal-ist.
Can't seem to find it.Searching.