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Rockwell Medical, Inc. Message Board

abby_normal_2009 2 posts  |  Last Activity: Aug 14, 2014 7:45 AM Member since: Dec 23, 2008
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  • Reply to

    FBR Also Starts Market Perform Rating on KERX

    by marcel_keezy Aug 13, 2014 10:32 PM
    abby_normal_2009 abby_normal_2009 Aug 14, 2014 7:45 AM Flag

    Agree 100%. As with Brean's sell rating and $4 price target a while back, this too will pass. As an aside, this modus operandi of no-name analyst shops is a great racket in that has the intended and exaggerated consequence of their opinion piece -- to abruptly drive share price lower.

    Have to assume FBR or its clients had the benefit of shorting just prior to last night's release -- foolish to think otherwise -- and that people do in fact profit from such an off-the-mark and overwhelmingly bearish recommendation. Information drives markets, especially if you're advance possession of it, regardless of how baseless and lacking merit (as is the case here) it may be. It's amazing this racket is even legal, but it is since FBR advising clients of its opinion before it hits the wires is not material non-public info, just persuasive opinion that moves a thinly traded stock (thanks to algos/black boxes trading bases on news searches).

    So, congrats on FBR and its clients for a quick score but net net, this sell rating and $6 price target will have the same affect as Brean's sell rating and $4 price target -- nada.

    Sentiment: Buy

  • check out Nasdaq site short interest data. shares short has increased to about 16.3M shares and has increased as the stock has rebounded from sub-$7s to over $10. that fact makes this stock a coiled spring that will pop on the next round of really good news. a grind higher to $11 should have shorts beginning to cover and act as a nice tailwind for further gains.

    good luck to all.

10.10-0.21(-2.04%)Aug 20 4:00 PMEDT

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