Yea, right GS said to sell CMI at 113 and it flew to 119.....GS said to sell CME at 54 and it flew to 63.....no one really knows,...... you just have to read the news and make an educated guess and hope your right. But I will say that GS is going to 180 before the end of the year.
Typically a stock doesn't even get a notice until it hits around $5.00 a share, which most consider investment grade; so if GS is making a comment, one can believe they are up to something---more than likely speculating about buyout rumors or the such.
If you acutally read the downgrade its because they think it isnt a potential buyout candidate with stalled revenue. They were attempting to speculate on this stock. It doesnt mean that the company is not sound the FDIC doesnt just give bad banks 54million in deposites for fun. If you looked at the action on the big sell offs the day of the announcment it totalled around 3 million dollars. But if you noticed the buy backs huge blocks totalled around 5 million or so. This was a ploy to decrease the price to get a bigger holding in the stock. This is how the trading desks work within the investment banks. One says sell while another buys up the stock where favors are done for each other.
Smart yes...but also sleazy and crooked. You can bet one thing, and that's that they have an in on it somewhere, whether it's protecting their short or getting the price down so it can be bought on the cheap by them or another client.