The benefit of hindsight is sometimes mesmerising!!! ... One has to wonder if it is worthwhile to look a broker report or pay for it. All brokers above gave a 12 months outlook and are off by 50%. Yes, that is a 50% opportunity gain lost. ... It could be worse, if REA would have fallen by 50%.
Here are possible explanations:
- brokers move in tandem, say like skippers in a yacht race, just to be safe
- Mr market gets is wrong. Unlikely though, since this is a prolonged period
- sinister motivations, nah to much conspiracy theory
- market is a "random walk" and can only be predicted with NO confidence
Is there a lesson to be learned? Yes, DYOR or get a monkey to throw a dart
Ann: REA Group announces FY20 results, page-23
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Last
$213.25 |
Change
0.950(0.45%) |
Mkt cap ! $28.17B | |||
| Open | High | Low | Value | Volume |
| $211.29 | $213.49 | $209.65 | $31.05M | 146.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 457 | $213.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $213.44 | 1100 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| REA (ASX) Chart |