Notable Calls on Twitter @ thenotablecalls
- This morning Think Equity analyst Yun Kim made a seemingly big call on TIBCO Software (NASDAQ:TIBX) saying their checks uncovered significant internal issues that led the firm downgrade their rating on the co. I speculated the call would cause a 7-10% decline in the stock and lo and behold I was right.
- Yet, after being down -10% on the day the stock started a slowish recovery until about 12:20 AM ET a fellow trader on Notable Calls Network (NCN) pinged me with the following:
’12:20 ..hearing UBS saying Think Equity is wrong on TIBX…..would be aggressive buyers now !!!’
Shortly after blasting the call to other NCN members I tweeted the call on twitter. As you can see the stock proceeded with a 2 pts+ recovery after Merrill Lynch/Bofa defended the name a while later and the co itself put out a 8-K denying any job cuts.
Beautiful action any way you slice it.
2012-09-11 20:42:07
Source: http://notablecalls.blogspot.com/2012/09/notable-calls-on-twitter-thenotablecalls.html
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