Sunday, October 19, 2014 1:45:16 PM
Don't you understand that there are 1,000's of up-grades and downgrades issued by the major brokerages every month. They're predicting the future all the time.
Why is it that Zacks has a "hold" rating on AMBS and not a "buy" rating? If they thought AMBS's share price was going higher wouldn't Zacks have a "buy" rating on the stock?
The following is the broker's coverage for Apple:
Price Target Summary
Mean Target: 112.64
Median Target: 112.00
High Target: 139.00
Low Target: 60.00
No. of Brokers: 44
Which one is correct? Is Apple worth $139.00 or $60.00? Don't you think it depends on whether you hold a short or long position?
Have a nice day.
p.s. Do you think the major brokerages are trying to influence investors to buy or sell certain stocks? If so, I think someone should notify the S.E.C. and have them investigate these allegations.
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