Thanks WinkyMight explain why GBG has been so heavily sold off...

Thanks Winky

Might explain why GBG has been so heavily sold off today. Wonder who will be next to downgrade as I've seen Bellpotter take an axe to their price target 3 or 4 times in the last couple months. I find that sell side analysts often hold onto buy recommendations way longer than they should when things are sliding relatively quickly - think it is a saving face response as they don't wont retail investors to start asking why they told them to buy this share not long ago and now saying it is a sell at a lower price.