RE:You may have noticedIt's a shame we're so cynical about this, even post all the regulatory changes over the years that are supposed to create a more objective and Chinese-wall-protected research opinions. But I think your description could well hold. We'll see.
SPCEO1 wrote: That the moment Ed Nash's report was released was when the stock started to drop in price. I said earlier he may have been holding back his report with its price target hike in order to let the institutions that have been buying complete their buy program. It may simply be, and probably is, coincidence but it sure looks like that is what happened. While Ed's price target increase is nice, it is likely not enough to stimulate a lot of new demand for THTX's stock. It will be interesting to watch the trading volume numbers from now on to see if they dry up a bit. If so, that likely means the institutions who participated in the deal are done topping up their positions. Then we will need copycat institutional investors to join the party if the fun is going to continue.