JP Morgan downgraded MNST today, citing challenging macro conditions.
Deutsche Bank downgraded the stock because of the weak environment.
Gabelli downgraded it citing a weaker macro environment.
And it allowed buyers to pick this number up at 16.26 at the open on their tag team downgrades.
Maybe they forgot it was opposite day!
http://aaronandmoses.blogspot.com/2008/07/opposite-day.html
You buy the stock, and do the opposite of Wall Street says. Especially when they can't come up with anything better than the "macro" environment
That's how you get a bottom!
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