I, too, figure it had to have come this week, but I'd still like to know who and why even if they're not a well known, or perhaps respected, outfit.
I don't know about others, but I use a "KISS" method (i.e. Keep It Simple Stupid) for investing. In other words, I use such things as bottom line revenue/per share growth via quarterly earnings reports, and places like Zacks via Yahoo to determine entrance, continuation, and exits.
Clearly, short-term, Zacks (via its research consensus site) shows an upward movement in down-side potential. Only time will tell whether or not this will affect shareholder thinking, and therefore the movement of the stock price.
Wish I could determine ahead of time how this will affect sentiment, or what from here is going to move the price higher if it can go that way.
Bottom line: If there are those who use the same simple tools as I do to determine their investment or trading strategies then I would think this could prove a negative short term for VRSN until the organization is identified and reasons why the recommendation are disseminated.
I love this stock, but seeing it go lower 30 or so points and staying that way for a month or so would not be desirable to me.
Just my way of thinking,
Mike |
