a small time company named OCTAGON downgraded RVM from SPEC BUY to HOLD this morning....Dow Jones reported it but I cant find any other links...for what it is worth...it just upgraded on AUG 12 and one month to the date it DOWNGRADES...sounds like a real reputable outfit!!!...NOT
Well, if you ask me, they did their job. They called a spec buy on Aug 12 at .75 and then downgrade one month later after a 70% gain - I'd say that is a reputable firm.
Further, I did check into Octagon earlier in the year when I first purchased shares. They may be "small time" but they are (and have been) one of the listed firms on RVM's website on the analyst coverage page. Further, I do specifically remember Annie Zhang asking questions on the previous conference call, and they were good questions. I remember when she asked a pointed question (I think it may have actually been the last one on that call) that seemed to have tripped up Shanahan and he became evasive - and then just a day or two later was when they announced the next shoe to fall.
So, you shouldn't be throwing stones at Octagon. From what I've seen out of them over the past 6 months, they know what they are doing.
well.....in my world there is NO "SPEC BUY"....that is called GAMBLING.....my problem with OCTAGON is not their CREDIBILITY, it is the LANGUAGE....kinda like i never listen to HOLD recommendations either....because it usually means "BAG HOLD ER"...my trading plan has BUYS and SELLS...nothing in between......i am a TECHNICAL TRADER that dabbles in PRESS RELEASES from time to time....I STAND BY MY CALL.....2 DOLLARS FOR RVM...after that i will make my call on BUY OR SELL...
Well....if you want to be totally HONEST about it....a "SPEC BUY" is a SELL in most responsible peoples's portfolio.....so i think i have a bit of a problem with OCTAGON's approach.......in my book a HOLD outweighs a SPEC BUY....thanks for the input
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