It was just a week ago that Zacks was suggesting we all dump VTSS shares and now Northland Capital is initiating coverage. take your pick
http://finance.yahoo.com/q/ud?s=VTSS
Posted by christ3opher - 11 years ago | Updated 11 years ago
At least we are on someone's radar Chris and they are talking about us. Maybe Northland wants to squeeze the shorts that Zacks negativity provided.
Posted by Techinvestor - 11 years ago
http://www.streetinsider.com/Analyst+Comments/Northland+Capital+Markets+Starts+Vitesse+Semiconductor+(VTSS)+at+Outperform/9761849.html
Looks like initiated coverage with an "Outperform" rating
Posted by sharpinvestments - 11 years ago
Most investment advice sources are great at telling investors what just happened. They are almost completely useless, if not harmful. Zacks is no exception. It seems like the article was automatically generated from a single data point simply to get Zacks' name out there. They count on most investors to be panic-driven with very short memories.
"Vitesse Semiconductor Corp. (VTSS) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for VTSS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness."
This is a mincing BS non-event, not a news story in my opinion. There was no analysis what-so-ever. Should the SEC be looking into these folks to see if they're trying to influence the share price?
"This has already started to take place, as the stock has moved lower by 14.4% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for VTSS stock."
If their information was worth anything, Zacks would use it to generate their own investment returns instead of selling it to the gullable. Who here can't read a moving average? What value does Zacks add?
Today shares are up.
Zacks is as Zacks does; just another barker along the investors' midway at the market side-show.
Posted by phobos - 11 years ago
wasn't Northland involved in the last stock offering? If so this "research" is nothing but a junior level staffer servicing the investment banking clients. This is what I would guess. Hard to believe anyone would actually dedicate a real analyst to this extremely poorly performing company.
Posted by dlog - 11 years ago
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