Bell Potter downgrade 23 November 2015, page-34

  1. 31,484 Posts.
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    nikki

    My experience with brokers is while they are accumulating for higher net worth clients* they will not reveal their intentions. They are likely to issue a negative report if they are shorting the stock while accumulating. It's a classic and why the market is so loved and trusted. And why we should take the SP at face value (Not).

    *They can use shorting as a device to accumulate and it's very easy to disguise the ultimate beneficial holder of a stock. This much has even been admitted by our resident expert.

    Once a broker is finished accumulating they will suddenly throw the switch to positive on the report. Just IMO.

    This is why retail investors are always getting hammered. IMO.
    Last edited by dolcevita: 24/11/15
 
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