Based on the conspiracy theories, this news might be released so that some of the shorts can be covered and some of the "boys" can buy in cheap? I don't agree with that but if I did, buying now rather than selling would be the best choice? Play their "game"?
I'm still treating this as a trading stock as before but if I was buying for long term, this seems a good time to do so after this downgrade, which may not eventuate and on the back of a sp probably already factoring in such a downgrade.
PET Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held