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Revett Mining Company, Inc. Message Board

  • buzierbee41 buzierbee41 Sep 13, 2013 12:59 PM Flag

    Downgrade at OCTAGON

    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

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    • Looks like big news awaits us, done some deep DD and things look better than what anyone can imagine on other fronts in addition to troy!!

    • 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.

      You may want to take their downgrade seriously.

      • 1 Reply to o08o.ugh64w
      • 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...

    • actually not bad on their part. The stock is up over 50% from that point and now they say to just hold and wait for the mine to open. I don't see that as terrible advice.

    • Octagon Capital Corporation is an independent Canadian investment dealer providing opportunities and advice to institutional investors and corporate clients. Octagon is strategically comprised of intelligent, motivated, successful individuals from diverse, complimentary backgrounds, who work together as a capital markets team to provide the highest level of service to our clients.

      Our Capital Markets focus fosters us well in our pursuit of excellence in Investment Banking, Equity Research, Sales and Trading. We are driven by the values and standards of the firm’s ethical, entrepreneurial, independent, and hard working culture.

    • oh...I forgot to add....the stock gapped up 3 cents on the DOWNGRADE...hahahhahah

 
RVM
1.077-0.003(-0.28%)9:46 AMEDT

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