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.
- Forums
- ASX - By Stock
- broker estimates
The tragedy of the stock markets is that so called brokers say...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $402.0M |
Open | High | Low | Value | Volume |
32.5¢ | 33.3¢ | 32.0¢ | $281.7K | 862.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 138428 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 331907 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 111791 | 0.335 |
4 | 577300 | 0.330 |
15 | 156963 | 0.320 |
8 | 211152 | 0.315 |
8 | 172941 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 671 | 1 |
0.325 | 10000 | 1 |
0.330 | 313705 | 3 |
0.335 | 167710 | 3 |
0.340 | 78845 | 4 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online