How good are stockbroking recommendations. Im thinking not !!! lol Hartleys publish a report in early June stating they believe the shares are oversold and have a valuation for them in the 30c plus range. Move forward a few weeks and just when the shares finally move up again back into the 20c plus range they crash back to 16.5c and in the last 3 days Hartleys whom stated they were cheap heavily dumps 900,000 plus so far. I understand they can only do what their clients say but if they believe their analyst recommendation then find a buyer to take the large sell line. Wonder how many more to sell they have. Argonuat and Hartleys are the 2 brokers whom publish reports with consistently higher share price valuations in the mid 30c range yet their on market support over the last 12 months when the shares have been substainally below thier very own valuations has been appalling in my mind. Just an opinion though
VMX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
