Morgan Stanley’s downgrade is a joke. They down graded INCY at 17 and the price went up. Morgan Stanly Downgrades INCY and four other institutions upgrade.
What’s up with this??
A joke is correct... Just tells us why the retail investor has gotten out of the market and is very hesitant to get back in.... almost like gambling in the back room knowing the cards are marked!
They do this to bring the price down short term so they can cover a short or go long knowing good news is a head!