Research in Motion Limited (RIMM)
4 downgrades so far following the pre-announcement. Jefferies really sounds disgusted with their CFO
Jefferies Downgraded to Underperform from Buy – Price target lowered to $35 from $80.
RBC Capital – downgraded – Sector Perform from Top Pick-Â Price target lowered $55 from $90.
Gleacher Downgrades them, price target 56
Barclays downgrades them from 85 to 77
Baidu.com, Inc (BIDU)
GS raises their target to$160 from $145 I’m not impressed with the pre market activity considering the price target increase. watch for weakness as GS call is suspect to trade lower for the moment.
Oncothyreon Inc. (ONTY) Watching to see if I can get iin it long around 4.01-4.06 level.
today announced that it has priced an underwritten public offering of 10,000,000
shares of its common stock at a price to the public of $4.00 per share for
gross proceeds of $40.0 million.
*DISCLOSURE: Short RIMM from 49.95 early pre market – took partial covers 49.57 – Re-shorted 49.49Â
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