The tragedy of the stock markets is that so called brokers say something and the herd starts thinking - 'this might be it'. I have a list of companies gathered in 2 years that Reuters called 'strong buy' - ALL OF THEM (100%) are now heavily down - if I invested $100k on Reuters BUY recommendations I would be now sitting on $72k net loss ! 72% down ! The same applies to other so called 'analysts' like M.Fool - 1 year ago they said the MOC is in trouble. at that time MOC was near $1.3 level, today it is almost $3 ! And the story goes to other stocks. The problem is that most of those guys are paid to say what they are to say. Almost 5 years ago AFR posted BUY recommendations - one of them was NOD - at that time was near 80c. Today thay hover around 6 c. This is 90% loss ! So my advice is : if you do not want to loose money =- then nevcer listen to analysts and to brokers.
Actually - I do the opposite - if the broker says BUY and I have the stock already then I am on alert an ready to sell at the first warning signal.
MGX Price at posting:
$1.05 Sentiment: LT Buy Disclosure: Not Held
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