Shares of Penn West Petroleum Upgraded from Sell to Buy at Veritas, from Underperform to Neutral at Macquarie
Come on, Cramer downgraded stock to sell
That goofball already published two articles. Once to downgrade and when that did not work, he tried again a few hours later. That day PWE rallied which is called the Cramer effect.
Cramer and his hedge find buddies were probably loading up the truck on this stock. His show (and CNBC at large) is just a way for him to manipulate the market for his own financial gain.
More upgrades coming today. Market likes the news.
I am also getting a lot of upgrade notices on Penn West from investment newsletters. The ones who look at the larger picture....not just some old income sttement produced at the time of 2 dollar nat gas and 80 dollar oil.
"not just some old income statement" LOL yeah, like ....ummm... a week old? Dolt.
Sentiment: Strong Sell