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Rubicon Technology, Inc. (RBCN) Message Board

  • scootr1971 scootr1971 Jun 28, 2013 3:17 PM Flag

    Dead Board last two days?

    No opinions on the stock price gyrations and resistance at 8.50?

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    • Perhaps your posts have not been either informative, interesting or provocative.

      For example, I just noticed that American Banking News reported that JP Morgan Cazenove (a white shoe dealer in London) has lowered RBCN's rating to neutral from overweight, just like its sister corporation, JPM. It's absurd that American Banking News deems that to be newsworth. JPM (the US registered broker-dealer that is an affiliate of JPM) downgraded RBCN from overweight to neutral on Wednesday last. Corporate affiliates of financial holding companies cannot, as a practical matter, hold differing investment opinons on the same stock.

      Surprised that \the non-US broker-dealer affiliate of JPM would adopt the very same investment opinion? Of course not. The real question is, why did American Banking News report the JP Morgan Cazenove action and ignore the fact that Canaccord raised RBCN's PO to $8 from $7. Canaccord has Jed Dorsheimer, an analyst that has credibility in the US markets.

 
RBCN
8.67+0.16(+1.88%)Jul 24 3:59 PMEDT

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