EOS

1.66%

$1.78 electro optic systems holdings limited

Thank you for your very comprehensive explanation Terrible. I do...

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Amadeus57

204 Posts.

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20/05/20

15:27

Post #: 44729801
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Originally posted by TerribleTadpole: ↑

Different broking companies will be at different stages in their "advice" cycle. The cycle goes something like this:
An analyst at the brokerage discovers a stock trading at a price significantly below some arguable "fair value".
Without telling anybody outside the brokerage the analyst will inform the traders, who will take a position in the stock while trying to push the price up only enough to form an "up-tick".
The brokerage will then inform their major clients of the opportunity and will help them buy up, again trying to produce only a small upward movement.
The brokerage will then publish a newsletter to their general clientele, providing their argument for the "fair value" and pointing out the recent uptick as reinforcement. The general clientele will buy, producing further upward movement and consolidating the brokerage's profits. Typically the brokerage will begin to sell now.
The broker's newsletter will "leak" to the general public through a combination of the general clientele sharing it, and the broker themselves spreading it around. The numpties (we retail investors) will read it, see the recent upward movement, and will swarm on board. At the same time the brokerage will inform their major clients that the run is complete and they will sell into the demand.
The broker will now send updated "guidance" to their general clientele so they have a chance to offload while the numpties are still piling in.

Too long? The shorter version:
The broking companies harvest their clients.
The major clients harvest the general clients.
Everybody harvests the numpties.

Still too long? The short version:
By the time you read it, guidance from a broker is almost certainly designed to make you act against your own interests.

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Thank you for your very comprehensive explanation Terrible. I do like the long version best. I've always been very dubious about supposedly people in the "know" talking about stocks..and they can be so convincing!..
EOS Price at posting: $5.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.78		Change -0.030(1.66%)		Mkt cap ! $343.4M

Open	High	Low	Value	Volume
$1.78	$1.79	$1.74	$1.051M	598.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1130	$1.77

Sellers (Offers)

Price($)	Vol.	No.
$1.79	15000	2

View Market Depth

No.	Vol.	Price($)
1	1130	1.770
1	7992	1.765
1	150	1.760
1	10000	1.750
2	7724	1.740

Price($)	Vol.	No.
1.785	15000	2
1.800	7000	2
1.820	5155	2
1.825	2635	1
1.830	247	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

EOS (ASX) Chart

Thank you for your very comprehensive explanation Terrible. I do...

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

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Buyers (Bids)

Sellers (Offers)

Featured News

Thank you for your very comprehensive explanation Terrible. I do...

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News