But most investors just believe the brokers!
Two examples:
CHN and CXO were favourites of brokers and analysts - they have lost 85% and over 90% from ATH SPs both are dogs especially the latter. I remember the latter when it was valued at over $2b and just could not understand how brokers had a buy on it - my view at the time was it was way over valued.
Ann: Exploration Decline Commences at Dalgaranga, page-102
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Last
$1.38 |
Change
-0.040(2.83%) |
Mkt cap ! $1.521B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.33 | $11.47M | 8.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |