Bells note, page-4

And NEVER FORGET how brokers make their money i.e. by encouraging their clients to make a trade come rain, hail or shine.

I can't tell you the amount broker recommendations that I've read in the last 3 years that have turned out in no-ones favour (except for theirs). Therefore I tend to use their timely recommendations as a negative (contrarian) indicator. Not suggesting that Bell's note is hogwash or that FAR doesn't represent good value ATM, but the timing of their note only adds to my belief that we are heading lower in the ST and/or until more news arrives. Tis a crazy mixed up world we live in where black is no longer black and white is no longer white, there are only shades of grey