hedseeker:
Raymond James was involved in the offering, thus part of or at least knowledgeable of the terms. They raised the target immediately prior to the offering announcement at which point the price was undetermined.
Some people expected the stock to take off with .90 as the new base ( It still may), I'm assuming that R.James was trying to make that happen with a high target.
Others thought the stock was going to tank back down to .61, just check out the short position ( it now appears this is more likely) So R.James is lowering it's target.. SCOTIA remains at a steady $1.25..
SHARKY:
Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 06.05.2009 (4) days ago, when the stock price was 1.0300. Since then CLL has gained 2.91% .
SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The selling price is the previous close ( 1.0700 ) according to the Rules of Confirmation.
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