"Cant see 30 at this time, given the volumes and the marco picture, downgrades were interesting only to me becasue for the first time I can ever recall, a target ws placed below the actual trading price by a big trading house........"
...well...yes ...sydneyguy
...the purpose of downgrades and lower targets is to 'shake the tree' so that the 'big trading house' can cover shorts/buy shares with the money they will receive from exercising the puts they bought some time ago ....
...question: why would anyone exercise $100million worth of puts NOW if lower prices are expected in the future ? :)
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