Zack's downgrades APL to a strong sell today...and it's currently up 2% on the day...LOL." On Tuesday October 5, 2010, 7:45 am EDTHere are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: * ArvinMeritor Inc (NYSE: ARM - News) * Atlas Pipeline Partners (NYSE: APL - News)"
since Zacks downgraded APL to "Strong Sell" on Oct 5, it has gone UP over 10%!!!!Good call!How about another downgrade to "Super Duper Mega Quadruple Sell"...APL would go to $50 then...LOL.
Anyone who has a strong sell rating on anything, let alone an MLP about to reinstate a dividend that will more than support the price, has no credibility.
Zacks also has/had a #5 sell on APL, which is cash cow that I have had from the IPO. Their ratings have become less and less relevant to me.