Media Updates, page-8598

Of course they were responsible for pumping the thing to $20 after an excellent 1st HY 2020 due to the panic buying at the start of the pandemic. And of course some of them handed the bags to the retails or other Instos basing on their valuation model and the info they gathered on the ground. Their targeted SP and narrative serve to cover their own interests and skins in the game. But a target SP with a major position to back up tells you they’re ready to gamble with calculated risk. If the instos had access to the insiders tip ,you wouldn’t have players like Morgan Stanley , and Mitsubishi holding their bags at quite a bit north of $10. You also wouldn’t have a dump occurred at the announcement of each downgrade. I think it’s down to the quality of research and decision each broker did and made when treating their own portfolio. Trading is a war that most adequately prepared and well researched win. Of course the board members’s dump at $20 is quite a different story but who wouldn’t do that if you think it is at all time high? The market tend to overbuy when optimism is high and oversell when people are in despair. The former happened in June July last year and the latter is now.