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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?


To: grogger who wrote (2824)2/13/1998 8:08:00 AM
From: Carolyn1  Read Replies (1) | Respond to of 5058
 
They downgrade so they can buy at a low price and then upgrade after awhile so they can make a profit. See this happen all the time. Heavy volume on dips. When they upgrade they have already bought the stock a long time ago. So I guess you would say a downgrade is good because it means a upgrade is coming!!!!