I wanted to thank the Citi analyst for downgrading AMAG, it caused the stock price to drop below $40 and allowed me to add to my ST trading position. These guys have been behind the 8-ball since day 1:
Sept 10th- Rec-Downgrade story about AMAG from Citigroup Citigroup downgraded AMAG Pharmaceuticals after channel checks indicated the launch of Feraheme will be slow and consensus estimates need to come down. The firm lowered its target on shares to $52 from $65. :theflyonthewall
Personally, a $52 12-month price target is a joke.
Conspiracy theories aimed at market makers are unfounded 99% of the time. MM's do not collude to move stocks. A majority of the MM's may have the same idea--selling short into forced short covering, for instance--but that's not a conspiracy. Use your own judgement to make buy/sells, I think you have been buying AMAG at favroable levels...correct?