We should worry if all the analysts were saying 'buy'.
One of my info sources runs a book on the buy/sell/hold recommendations of the big banks and brokers.
A large number have had sells on quite a few stocks that have gained 30%+ this year. Eg. all the big banks are up north of 35% for the year, but many analysts have been bearish on them all the way up. JBH has risen from $10 to $22 this year in the face of massive sell bias.
So I would not worry about the bears and FMG. It would really concern me if there were none or just a few.
PS somebody said FMG is up 20% for the year. Sorry, no.
On the 13th November 2012 it closed at $3.97.
It is $5.76 as I write. Plus 10 cent dividend.
That's a rise of 47%.
morgan stanley raise their target, page-10
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Last
$17.43 |
Change
-0.060(0.34%) |
Mkt cap ! $53.66B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $174.0M | 9.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $17.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.46 | 25752 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |