GREY:PGDIF - Post by User
Comment by
Durkastanon Sep 20, 2011 10:23am
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Post# 19061054
RE: Negative Price Action today?
RE: Negative Price Action today?Almost certainly the action today is all due to Kaiser's note out this morning.
I don't like posting paid research, so I'll just relay the Coles Notes version: He's turning his Spec Cycle Hold 100% into a Spec Cycle Sell 100% for those who were in on the upside, and reducing his Good Absolute Spec Value Buy into a Relative Fair Value Hold. He is personally holding onto his core position but his tone is decidedly bearish.