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A day after rallying thanks to a Goldman upgrade, Logitech (LOGI -4.2%) is selling off following...

A day after rallying thanks to a Goldman upgrade, Logitech (LOGI -4.2%) is selling off following a downgrade to Underperform from Credit Suisse. Weak PC and home electronics peripherals sales continue to make life tough for Logitech, which just saw a CEO change.
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  • convoluted
    , contributor
    Comments (1970) | Send Message
     
    This crap is exactly why you can short the sugar high. Do your own test. Pick any upgrade, and watch what unfolds within 48 hours. Making a conservative play, i.e.. selling a bear call spread, will be profitable with astounding frequency. The pros know about the upgrades, and collect accordingly. Play the game by counter-punching when they cash in. Of course, one could just spend their time reading an annual report.
    15 Jan 2013, 11:52 AM Reply Like
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