Interesting news there from Patters, but not surprised.
So many people bought into their manipulation of the stock when their sentiment was positive. Turns out their price target was wrong.
If you now buy into their negative sentiment, do you expect what they tell you to be right this time? Blind freddy could work this one out.
Are they still ranking it as a buy, given we are sub 5c?
Unfortunately large advisory houses with skin in the game manipulate the majority of its blind following, because most'investors' are too lazy to do their own research.
Sounds to me like Patt's are a company who needs to maintain a reputation covering themselves and blaming the SP on any negatives they can find. Did you see anywhere in their report that demand for Anthracite has decreased?
I don't know what else can be said. Speculative stocks.....are.... SPECULATIVE, and at the moment, pre-BFS, very small cash can change hands for dramatic movements in price.
Get a grip people. I feel like I'm taking crazy pills reading this rot.
HWK Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
