GS downgrade to 16 is contrarian indicator of strong buy: stock bottom:
if you understand Finance 101 it means the stock has bottom and about to rocket to 26. GS is BS, they downgrade KB home at 6 dollars and lowerd the target to 5.50 well KBH is at close to 20, They downgrade BBY and gave a a target to 11 well BBY has doubled. GS works for Big boy street and dont five F about you
I could not find their downgrade of clf. Anyways, if they did do it, their timing was perfect for a holiday shortened trading session on Wednesday, where the big boys already left for a long weekend. If the simple investors are still selling on Friday as they sold on Wednesday, by Monday we may see the reversal begin, if there is t be a reversal.
Absolutely correct. GS is notorious for sucking in the small guy.
The last upgrade I saw GS give was FSLR a few weeks ago right at the top. I tried to warn people. A few days later FSLR issued a #$%$ load of shares and the price is down 20+%.
I picked up 1100 shares of CLF at 15.97 for a trade. I am looking for a bounce to at least the 20dma, maybe the 50 dma at 19.40's.