Thanks for the responses. As with anything else, I am sure it happens, but is too tough to police. However, if a house bought a block of say 500,000 and then recommened upwards, I guess that would be blatant.
Nevertheless, it happens, just like insider trading happens, but who is going to catch it with so many trades taking place. I mean, if my broker gets preferential treatment from a small cap that is about to announce big news, and he knows what it is, I buy a couple thousand shares, and then sell after the announcement(perhaps not immediately). Who is going to catch that trade out of a couple million shares traded before or after? Not many. I am not saying do it, but it happens. So, I would not doubt there is bending of rules in upgrades and downgrades.
As far as upside potential, soup, you may be right. And if you are, we should see slow movement back up, obviously. There are good moves being done, and I am impressed right now, but watching closely every chance I get. I will be ready for the 10-Q!
Miller |
