I get sent 6 of those trading central tips each day as part of my HSBC trading account. I have followed some of them out of interest to see if they have proven correct, and they generally are not. I would say the pedictions perform about as well as random chance performs.
I think of them like reading your horoscope every day, they are oddly interesting, but I wouldn't base a strategy around them.
Deal Done, page-17
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$4.04 |
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| Open | High | Low | Value | Volume |
| $4.03 | $4.05 | $4.03 | $8.047M | 1.989M |
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| No. | Vol. | Price($) |
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| 12 | 83220 | $4.04 |
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| $4.05 | 78277 | 36 |
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