Looks like we got played again by a investment group. You have to wonder what would have happened if the news would have been bad. I have a suspicion that the group that down graded is short and we all got suckered. Anybody with a stop loss or margin investment just got nailed and that, i believe , is the plan.
It makes no sense to me, but I'm happy. I was sitting on a limit order of $13.20 in my Roth since the beginning of Feb (and it was to expire next week). I was mad at myself watching it go up every day since. I was shocked when I checked my account tonight and saw the order was executed. :)) But I have to agree - I looked for a reason for the drop and couldn't find any. The only reason I can see is the market makers messing with this stock.
Hopefully it is a one day event. Bought a little more for a trade on the swoon. Makes litle sense to me - AER and FLY doing well today. Fundamentals are solid for the next year. They are generating a lot of cash and making good use of it.