anyone else perplexed after reading the latest article from Zachs? it seems like a positive article but they still give the company a Hold rating ? and they even point out in the article they give a hold and say that is positive. Since when is a hold rating considered positive?
Seagoat.....yes, I noticed that also about the article. as for recent price uptick. who knows. maybe its shorts just covering. I noticed short position went up last month from previous month. I didnt understand that. personally, I think it has to do with the company stating they expect to announce earnings on a contemporaneous basis rather than quarter lag basis. therefore one would expect this upcoming revenue to be close to 30 million range. especially if the company expects to be revenue neutral by year end. I never did understand how after last QE report the stock fell to hit a low of 7.50 !!! way undersold in my opinion. I see it hitting 12 by years end and hopefully 14 + by 1st quarter next year. maybe higher once they announce the next drug protocol in early 2015. Good luck. another point the article failed to pickup on. but still a good article. still dint know why then they rank a hold. by the time Zacks ranks it a buy I would think it would be near its top range. I fell you should rank things a buy when they are at bargin prices. not top prices