and I have told many people to buy this stock. If you agree with me, maybe you'd like to join my free stock club. There's hot links- 3 free realtime quote sites, 2 fast news sites and a bunch more with great investor info. JOIN MY CLUB if you're serious about stocks- http://clubs.yahoo.com/clubs/theultimatestockclub
The brokerage firms are typically too late with their recommendations/ratings. Take Carnival Corp. for instance. Salomon Smith Barney (jerks) downgrade Carnival after the stock has dropped 40% from its high. Just like closing the gate after the horse has left the barn. They do it on the upside and the downside. Carnival was an "outperform" at 40...now a "neutral" at 25....I don't think so!!!!
LarryLiquidator wrote at the Circus Circus (CIR) board:
>>Are brokerage firms secretly putting their clients into the stock, while publicly downgrading the prospects? These same guys were recommending the stock when it was 30-40. Now they say sell, after stock price has fallen. Mutual funds may be looking for value plays. When profitable companies with low PE's trade below book value, this stock is considered a good value. Speculators may be returning. If they believed in a $26+ takeover, a takeover at $15-18 should be believable. Some short sellers may be covering their positions, before Bellagio and MB open.<< Just a few thoughts to explain increased volume (and hopefully increasing stock price).