Subject: Re: New downgrade
'Its always amusing to see this happen after the stock is down 55%'

Exactly! Typical Wall Street! My Dad used to buy things like CAT and DE on these downgrades and big price drop. I seem to recall someone looked at forward returns years ago after downgrades and returns were better than after upgrades!

Capitulation has to be soon right?! Off >55% over last 10 months. Different situation, but I recall BP being so hated in 2010 after the spill. Got cut in half in a couple months. Bought a bit early near the bottom but was ultimately rewarded.

On paper, I'm down a good bit in my current position. Sought a limit order to buy some Jan. 26 DITM Calls but went unfilled.