Outhere wrote: So clearly there was some gaming leading up to this downgrade. Yesterday we saw a bump on volume. Was this folks trying to cover? Then you see the downgrade, is this to create downward pressure so they can maximize covering their short? Get a no name house analyst, publish a report prior to earnings, knowing that theyll be good and then throw the analyst under the bus and cover prior to the quarterly earnings? Could be
The 9M+ shares afterhours cross trades a few days ago was an indication something was up. I am not sure how it played into this downgrade. But I think it did .
ACB had huge cross trades afterhours also on the same day as APHA. Bank of America then downgraded ACB.