People need to know how the system works. Jeffferies loss money on options and shorting for they did a downgrade. We may see more downgrades from MM who have excessive losses and upgrades from winners. Well anyway, Jefferies and losers have a buy on Level2 at $4.37.
Leap has a new management team that knows how to deal with options and shorts.
No, it's true, and you ARE correct. Jefferies is a bunch of crooks and will trump up any pile of lies in order to get to an end goal of making $$$.
I was just in a situation where Complete Genomics (GNOM) was looking to sell their technology and business due to money problems; so, they commisioned Jefferies to go out and find a buyer for them. Jefferies did a weak analysis on GNOM and basically wrote off their technology for less and the buyer they found for GNOM was a Chinese company (BGI Shenzhen), which got GNOM's DNA analysis technology for $3.15 per share buyout. It turned out that 2 other buyers were interested in buying GNOM (at least 1 for more money) and GNOM management and BGI fought the offers off and Jeffereies went right along with the little game.
Jefferies probably did a downgrade here on LEAP so that they could get in (or get back in) at a lower price. Jefferies is dirty without question.