OTCPK:DRWIQ - Post by User
Comment by
Jace1on Jul 15, 2010 1:54pm
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Post# 17272289
RE: Analists
RE: AnalistsAnalyst recommendations are almost useless. They move in herds...it's as simple as that. During the dragonwave sell off back in Feb/March when no negative news was released and was attacked by shorts, analysts begun to downgrade the stock simply due to the share price going down. As more analysts begun to downgrade, they all did. I remember one analyst simply gave his downgrade explanation as "uncertainty related to market conditions." In other words, the stock price has gone down to much to justify his target.
Regardless, the Dragon will be back...it will just take a little longer than expected as no immediate Tier 1 carriers are interested in rural 4g areas as of yet.
What I find amazing is how the stock has barely stabilized even at these levels given the opportunity and potential returns 12 months from now. I would be afraid to see what the sp would be at if the dragon wasn't buying 50k shares per day on down days...