JNIC got highest possible rating from Bear Stearns. Translates to conventional traditional "STRONG BUY"
H&Q-- Strong Buy, Buy, Hold H & Q gave JNIC a Buy, that translates into a BUY. That's not good. H&Q is also trying to keep the stock down. I've been watching Level II and they are constantly on the bid. Initially they faked Big Time. They kept showing bids one level away from the market and when they got to be inside market they withdrew the bid. They price did "printg on 'Time & Sales screen' that's how you can tell. So, they made it look like there is a HUGE seller of JNIC without having to give up shares at these low levels. They must be SHORT big time. Leads me to believe they sold short like crazy, maybe even when stock started running from 40 to 80. If this true they'll try very hard to bring JNIC down to these levels in order to be able to cover.
All the other "Buy" ratings are actually "Strong Buys" if taken in context of the underwriter's scales.
DLJ has come under alot of criticism lately for not supporting it's IPO's. This should be a top pick, no doubt about it....what else are they going to give it too? Bear has indeed given strong buys on occasion, but typically reiterates buys a week or so later. H&Q are a bunch of idiots, but they can't transact for 180 days.
I don't understand you. It's like you read, but you don't listen. Every post you make indicates you have missed my one and only simple point all along.
There is nothing to be "learned this afternoon" as you put it. In case you haven't figured it out, you and I are in agreement on where JNIC will be in 2-4 weeks. I only stated, and I was proven correct today, that I did not think we would get strong buys or top picks when coverage was initiated. I said we would therefore not have some great pop at the end of the QP. That trend stopped at the end of October. That's all I said. Get it?
With respect to your two week price target, I made a sub-point that if we get news in the next week, we will indeed move to your range. If we don't get news, we won't (in my opinion). Weak hands will sell off just like they did this morning.
Regarding this afternoon, I'm happy that you're positive (and hell, I hope you're right). While I can certainly see a recovery from today's lows and a move into positive territory, I'm not good enough to predict such moves on that short a horizon. Volume is going to be too low. One big buy or sell order exaggerates the move.
P.S. I'll give you the benefit of the doubt that you just recently watched a Clint Eastwood movie and wanted to imitate Dirty Harry by calling someone else "punk." But next time, leave off the childishness. It doesn't make you look good, particularly just coming off being wrong on what you have been vehemently arguing with me over lately.