Friday, January 30, 2009

Rigel Pharma Downgraded


RIGL stock is down 8% now after a big downgrade from RBC. Still haven't found the info, but its amazing that after all this time and access to information that analysts can have such a huge impact on a stock. So far RIGL is holding the support that has existed in January and it's bounced up since the opening. Positive signs that buyers were happy with this price. Might turn out to be the typical contraian play. Ah, the analysts play such games.



No comments: