Credit Suisse must have a big short on this and changed there target to 670 to get the price down which was good for Lazard to increase there holding from 7%-8% at 774 or something around that it could be that the m&m's need more shares so they take the price lower to get shares out of weak hands.
I just think this is all looking strange especially when it comes to 3:30 -5:00 looks like someone wants to keep this from rising it has ranged from 830-765 for the last 3 months with loads of dramatic drops. For no real reasons. I prefer to go short on most shares then long I think it's more likely to go down then up m&m's want to take money from you then give it to you.
outperform rating reaffirmed by researchers at Macquarie in a research note issued on Tuesday. They currently have a 950 target price on the stock. Macquarie’s target price indicates a potential upside of 20.00% from the stock’s current price. So I guess pennon will be at least 2% up tomorrow.
Lol I do think that pennon will do very well this year i can see this around 950 but not yet. I believe this was bought down so the big boys can hope in at a discount. It won't rise for a while they don't want to make it to obvious if anything take it down more. If you can't bet them join them.
At least holding shares if it does go down to somewhere the brokers are targeting you can always average down it's a win win if you have capital to spend.
The short is looking very good at the moment going to keep it open mm's don't want this to rise. On tick chart as soon as it goes up straight down and more.