FYI. LW Berges is a private board groupie with nothing to add in the form of discussion. No doubt he understands his limitations, therefore he has taken on the menial job of "cutting and pasting" links to any an all mention of GRC. But today, LW Berges refuses to post The Street's "Gold Resource Corp Stock Downgraded (GORO)".
Yes, the biggest problem with sell-side analysts is that they downgrade AFTER stocks fall. So, they liked it at $25, but they hate it at $13. It doesn't make any sense.
Especially since they give the overall performance of the stock as one of their reasons for their downgrade. It doesn't make any sense, and it's one of the many reasons that hedge funds outperform anyone listing to idiot sell-side analysts.