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Author: rivervalley   😊 😞
Number: of 48466 
Subject: New downgrade
Date: 09/20/2023 7:44 AM
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No. of Recommendations: 0
JPM piling on this morning

https://seekingalpha.com/news/4013556-dollar-gener...

Its always amusing to see this happen after the stock is down 55%

Also note article that Dealraker posted on the Brk board
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Author: Lear 🐝  😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/20/2023 9:48 AM
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No. of Recommendations: 4
It's all the more amusing when you pull up the analyst's history of DG ratings. Numerous buy calls from 2001 through early August, 2023.
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Author: WEBspired   😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/20/2023 9:51 AM
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No. of Recommendations: 3
'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.
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Author: rivervalley   😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/20/2023 12:45 PM
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No. of Recommendations: 2
Interestingly, todays action might qualify as a 'news failure' event - where the stock ends up reversing and closing up despite negative news.
Perhaps my 100 back up the truck price target is too aspirational. But still thinking that tax loss selling is going to keep pressure on share price for a while...
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Author: Blackswanny   😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/20/2023 1:27 PM
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Purchased today as it's hit my conservative 115 target. I kept my word!
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Author: WEBspired   😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/21/2023 3:14 PM
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No. of Recommendations: 2
Just filled DG Jan.2026 85 strike Calls (@$41). As Mick said a few years ago 'Time is on my side.'
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Author: tedthedog 🐝  😊 😞
Number: of 48466 
Subject: Re: New downgrade
Date: 09/21/2023 5:23 PM
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14% of a "play portfolio": Jan 2026 DG calls at strike 60. Call me in a year or two and I'll look to see how it did.
~
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