"Todays report of "Lowe's downgraded by Citigroup" - Briefing.com strikes me as pompous considering Citigroups own recent record!" - straitarrowThe easy way for Citigroup to get their own record looking good is to talk some suckers into selling their Lowes shares at the bottom. If Citigroup can pick up some shares cheap, they will enjoy a nice profit as the shares recover over the next year. The beauty of their position is that they can point to the price drop today and prove that the shares were obviously too high before their downgrade. So, in the short term they are correct and in the long run they make a lot of money. That looks like a win-win to me....plus they make a commission on every sale. I wish that I had that much clout.I agree with you...it looks like a good time to buy.
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