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Terrible for whom? Not for them certainly. They are short millions of shares which they will buy back on the dip. Don't forget these folks are crooks. Have you forgotten so soon?
merrill doesnt want to miss the rally , they downgrade to get in before the mid quarter updateintc will be upgraded tonight anyway
Another idiot !! Sure, they are going to risk more credibility by downgrading just before good news. Whew !! Get a clue.