Riverbed Technology (RVBD) and Atheros Communicatins (ATHR) Both Downgraded
By Trader Mark
15 March 2010 @ 10:20 am EDT
Normally I care little about what analysts say, but since it affects stock prices ... we have 2 downgrades to start the week. First, Riverbed Technology (RVBD) which we just restarted late last week was taken to neutral on valuation. I can't argue with valuation on almost any stock at this point as they have all run up in sector after sector; but downgrades on valuation mean less than any sort of change to business. The stock is right back to where we bought it, after we enjoyed a decent bounce Friday afternoon. Still waiting for a move to mid $25s to buy more, hopefully.
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