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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31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $383.7M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 31.0¢ | $667.4K | 2.118M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 261230 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 167423 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.315 |
9 | 232094 | 0.310 |
9 | 197212 | 0.305 |
19 | 445991 | 0.300 |
4 | 80689 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 148673 | 2 |
0.325 | 151200 | 5 |
0.330 | 148750 | 6 |
0.335 | 132800 | 4 |
0.340 | 248470 | 4 |
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