His name is Meyer, and he's Liberty's lap dog -- a role he assumed from Mel. Connect the dots, and it's easy to see who is manipulating this stock. Enjoy the ride.
Better to get the dividends and have the money flow into your pockets instead of the pockets of insiders.
Why? To generate hits for the authors from people who want to believe what they write. Which article would you rather read? One that says "Your guess is as good as mine" or "It's going to the moon." Besides, if they really could predict stock prices these analysts would be making their money by trading instead of writing about it.
"Target" prices mean about as much as "guidance" from the company on future revenues. Unless your money is in dividend stocks, it's all but impossible to predict long-term returns.
Spike was an early holiday present for insiders who wanted to sell. With that high an opening volume they probably already had their orders in. Of course, it must have been a coincidence that so many orders were lined up when the PPS peaked.
This is off the wall, but whoever or whatever is generating the daily chart for the Yahoo summary page is anticipating the direction of the PPS. $3.68 was the low range on the chart when trading opened this morning with plenty of room under the red line that indicates the closing price. Something is not right.
MMs will throw in a quick spike to keep nervous investors onboard, then drop it again on Wednesday. What a crock.