Why stock go up? No really....
Message ID: 58460
Posted By: crunchie812
Posted On: 2003-11-04 23:17:00
Subject: Why Stock Go Up? No really....
Recs: 9
I don't get it. When DB first came out with the $45 target it was news and triggered a big run up in price. Or did it? The Baystar deal is announced immediately folowing. Coincidence? Not. Now that DB recommmendation was so hedged and waffled that it was hardly worth calling a recommendation, other than the totally unsupported $.38 earnings projection and the equally unsupported $45 target. Yet the price takes off, then drifts back down to below BayStar's $16.93 price, with dwindling volume.
So today we get the Novell/SuSE/IBM news, which is somewhere between not good and totally disastrous for SCO, and we get Skiba reiterating the same unsupported target, which doesn't factor in the effects of the BayStar deal. And we get a $3.00 jump in price?
I'm having a difficult time believing that either price jump was a reaction to the bullcrap DB rec. I'm coming to the opinion that the news was just a cover for the price manipulation to give it the appearance of being partially based on some kind of reality.
It's a scam.........
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The text of this Yahoo Message Board post has been licensed for
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Posted By: crunchie812
Posted On: 2003-11-04 23:17:00
Subject: Why Stock Go Up? No really....
Recs: 9
I don't get it. When DB first came out with the $45 target it was news and triggered a big run up in price. Or did it? The Baystar deal is announced immediately folowing. Coincidence? Not. Now that DB recommmendation was so hedged and waffled that it was hardly worth calling a recommendation, other than the totally unsupported $.38 earnings projection and the equally unsupported $45 target. Yet the price takes off, then drifts back down to below BayStar's $16.93 price, with dwindling volume.
So today we get the Novell/SuSE/IBM news, which is somewhere between not good and totally disastrous for SCO, and we get Skiba reiterating the same unsupported target, which doesn't factor in the effects of the BayStar deal. And we get a $3.00 jump in price?
I'm having a difficult time believing that either price jump was a reaction to the bullcrap DB rec. I'm coming to the opinion that the news was just a cover for the price manipulation to give it the appearance of being partially based on some kind of reality.
It's a scam.........
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "crunchie812"
under the following license:
License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------