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GOL Linhas Aéreas Inteligentes S.A. Message Board

  • rbotterb rbotterb Feb 20, 2008 9:11 AM Flag

    GOL Downgrade (2/20)

    this morning, Avondale Partners downgraded GOL from market perform to market underperform.

    We are also still in a technical breakdown for GOL from double support at 18.06 with downside target of 15.69.

    I kind of doubt this downgrade this morning will help things any. I guess for now we'll see how far down GOL goes before the market either figures it hasn't punished GOL enough or management puts a floor on the pullback with some buyback action.

 
GOL
10.70+0.58(+5.73%)Jun 24 4:02 PMEDT