that downgrades are signals to BUY. Just as upgrades are signals to SELL. They downgraded ARQL after it had already fallen, but their downgrade coincided with the low, and you made a bundle today if you bought on the downgrade, which is what the guys who downgraded it were doing. Same way that when some upgrades a stock it is always so they can sell into the resultant buying.
You sir, are correct. Downgrades are usually another great contrarian indicator. Added substantially on the shakeout below $2.50 as the chart is simply too bullish to act otherwise. Very nice high volume reversal below 2.50. Should consolidate and make another breakout attempt above 3.00 soon. Sit tight :-)
Correct, Pharma. Been that way since inception. Amazing how many ppl still " believe" these clowns when they say to buy or sell. Same is true with Mötley Fool / Seeking Alpha. Comical! Yes, there is a sucker born every minute..which keeps the game going :)