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.
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.3¢ | $227.4K | 531.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 520000 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 12155 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 520000 | 0.425 |
7 | 199265 | 0.420 |
4 | 61816 | 0.415 |
4 | 45839 | 0.410 |
5 | 280000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 12155 | 1 |
0.435 | 70821 | 5 |
0.440 | 120000 | 3 |
0.445 | 187898 | 6 |
0.450 | 196836 | 5 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |