On May 30, when the stock was at 15 , Zacks was "pounding the table" calling IQNT a strong buy, and gave it a #1 ranking.
JUST REMEMBER THIS, ESPECIALLY IF YOU ARE A "NEWBIE"!
IF ANY ONE OF THESE STOCK ANALYSTS GROUPS KNEW ANY MORE THAN YOU, THEY WOULD DO IT FOR THEMSELVES.
FORGET THE ANALYSTS, AND DON'T WATCH CNBC, OR LISTEN TO THEIR CHIEF PHONY JIM CRAMER.
I GUARANTEE YOU'LL DO BETTER IN THE STOCK MARKET.
Just a comment on Zacks from someone that been around the block a few times.
If you expect ANY analyst or research firm to be right 100% of the time it's not going to happen.
If you expect ANY FREE SERVICE to have your best interest at heart, guess again, they always serve those that pay them not you. Zacks is not FREE, you pay for it. They serve you.
Zack's does not HOLD stocks, SELL stocks, or PROMOTE any stock. Their only agenda is to help YOU make money.
As long as Zacks is right most of the time and helps me make money, they can have my $200/yr every year. They save me a lot of time, have information I don't, and I use them to confirm and do my own DD. It's your money, just remember nothing is FREE. Good Luck!
zacks is base on someones opinion - thats it - some guy in a suit - listen to yourself - study the market and you'll do fine - just ignore all the talking heads they sometimes get it right and sometimes get it wrong - thats how investing works with those guys. When zack's rates something at 5 its probably the ideal time to buy it and the opposite is probably true the other way. if i like a company i totally ignore what zacks says - the stock is going to do what its going to do regardless of someones opinion