huntleys recommendation, page-6

re: huntleys recommendation unreal "Just don't hide behind some b*llshlt pathetic excuse of "we think the market can't sustain these rates"


You are not barred from having a different opinion from the analysts.
After all, it is those differentials in opinion which separates the winners from the losers in the investment game, eg those who chose to be on BHP 20 years ago would have fared a lot better than those who picked Pasminco (remember them ?).

Having said that, it is dangerous to assume that windfall profits will persist for ever. BHP posted a 33% ROC this year vs their long-term norm of 10%. This is the reason why BHP trades at $27 and not $100.

In a market economy, abnormal profitability will mean-revert. Either the demand will tail-off or supply will compete the advantage away.

The best you can hope for is for the windfalls to persist longer than the 'market' in general expects,