Per Seeking Alpha "Market Currents"

[pwalk]

Piper has suspended its rating as of Tuesday morning, no further info currently available

[vermut]

Piper has suspended its rating as of Tuesday morning, no further info currently available

Is there some official source which can confirm this? Because I have seen this news:

http://www.theflyonthewall.com/permalink...er-Jaffray

It would be highly unusual imo to first hike the price and praise the recent developments from the company only to suspend the coverage within minutes?

The news that they suspended coverage could be false to feed the shorting momentum. All this manipulation is disgusting.

[vermut]

Okay, here is the news that they indeed stop covering NQ.

http://www.streetinsider.com/Dividends/N..._client=st

It is still very weird. You hike the price target. Give the stock overweight rating and then cease covering it? What kind of move is that?

[thecrazykevy]

Okay, here is the news that they indeed stop covering NQ.

http://www.streetinsider.com/Dividends/N..._client=st

It is still very weird. You hike the price target. Give the stock overweight rating and then cease covering it? What kind of move is that?

Their price hike was 1 month ago.

[vermut]

Their price hike was 1 month ago.

You are right. Sorry I reposted someone else's link without verifying the date

[admin]

Hmm, this isn't good news

[thecrazykevy]

You are right. Sorry I reposted someone else's link without verifying the date

Piper suspending coverage is concerning. They were their underwriters for the IPO and their new CFO KB Teo just came from Piper.

[TxPm]

Here is what I heard on Piper.....they were required by their compliance dept to suspend coverage.....from what I gathered once PWC and independent committee sign off on everything Piper will reinitiate coverage. I'm expecting coverage post earnings and maybe even an updated PO if earnings beat

[kshen]

Someone is saying that he spoke to the Piper Jaffray analyst and the reason they stopped covering is because their compliance department is calling a halt to it. No verification though.

Apparently they are covering their ass incase of litigation

[admin]

Thanks for that info, Tx, kshen. That suspension was the first real red flag for me, but perhaps not.