I've noticed in the past(not with this stock in particular) that whenever an upgrade comes out 1 or two days later, one could easily already see a nice 2-3% boost on high volume already occured a couple days before. With the extra juice on the day the upgrade is anounced, it becomes an instant 10% move. Then tack on some extra points for the stragglers and it becomes a 15-20% move in a month or so.
You pick up some things after watching the market.
Totally agree with you! In fact I was going to post a message saying the same thing after I just saw the upgrade. Talk about insider trading!! The SEC should go after these brokerage firms as well!! I was looking to buy some shares yesterday and couldn't understand why they were acting so strong. Now I know why. I certainly wouldn't look to buy the stock at this point although it might go up a little more. It is totally overbought technically and doesn't have much more room to increase in the short term.
focusing technically doesn;t make money. You have to ask how much is somebody going to buy my business 5 years from now when it has doube digit profit margins, more than 130 more stores, international growth, etc. Short term is impossible to predict. we were at 60 just 3 days ago.
One can actually see what I referring to. Piper Jaffrey upgraded us back in july on Monday July 15. The friday before, July 12, vulume before hand was more than a million shares. The 10 days leading into the upgrade, the stock ran up 15%. Fishy. of course. But you live and you learn; market is made up of different players; one playing a rigged game, the others controlling it.