"GSJB Were has placed both Energy Resources of Australia ((ERA)) and Paladin Energy ((PDN)) on a Sell rating"
Yeah, right! And what exactly would "analysts" know?
It wouldn't surprise me in the least to find them putting sell recommendations on ERA and PDN and be buying them up bigtime themselves, perhaps even on behalf of some who wants a big stake in them.....
They have to be out of their freakin' little minds! PDN in particular is a screaming "Buy" right now - just as it was at 1.80-200
This is a prime example of the NAI - NightStalker's Analyst Indicator. It's a contrarian indicator - when an analyst says "Buy' then you sell, and vice versa. The only one they get right is their "Hold" call.
I personally know several analysts for several different brokers, and they would have no more clues than I do - in fact probably less, as they cloud their heads with numbers and "analysis" and then try to convince themselves that they must be right because they've worked it all out.
Load of cobblers, I say! ;)
PDN Price at posting:
$2.21 Sentiment: Buy Disclosure: Held
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