NGAS Resources (NGAS)

[Gamma1848]

The Wunderlich $1.00 target should not have been given any weight by investors.

Look at Wunderlisch's track record on NGAS; if you shorted each time Wunderlisch commented on NGAS you would have been in the green from start to finish on pretty much every trade:

10/14/2009 (NGAS at $2.40)
Wunderlich Initaited coverage with a $2.50 price target and hold rating. NGAS never traded higher a single day again.

3/17/2010 (NGAS at $1.71)
Wunderlich Upgraded NGAS with a $3.00 price target and a buy rating. NGAS traded higher three more days in its history.

5/12/2010 (NGAS at $1.40)
Wunderlich acts as comanager for NGAS secondary offering. The stock never trades higher again.

6/2010
Paul Farretti, managing director of Wunderlich, is added to NGAS's board.

11/10/2010 (NGAS at $0.60)
Wunderlich Maintains NGAS at buy, with a $1.00 price target.
NGAS never traded higher again


These law firms are ambulance chasers and the acquisition is their wreck.