Reiner001. Your comments on Macquarie reminded me of last nights Market Moves show on Sky Business.
Yesterday the MacQuarie Bank representative was the guest giving his views on the market for the day.
All went well until near the end of the show when he was asked for his comments on Beadell and pleaded that he didn't follow the stock. The host Ingrid Willinge reminded him that a month or 2 previous he was recommending Beadell to viewers on the show. There was an awkward silence then the show moved on.
There is no reason for Macquarie not to change their recommendation on Beadell. It is in a down trend and based on this a recommendation of HOLD is logical with an explanation of why it had changed. But to deny knowledge of the company just made them look silly.
BDR Price at posting:
59.0¢ Sentiment: LT Buy Disclosure: Held
