Yes, It's tragically interesting. On split screen, I'm actually looking at a brokerage recommendation sheet from one year ago on BHP. I have twenty firms on the list including Deutsche, Macquarie, Citigroup, UBS and the rest of usual suspects and everyone of them has a one year target price far higher far higher than BHPs price is today. I haven't a screen save of those broker's recommendations for Slater and Gordon, but I expect it would look much the same.
I reluctantly listened to one of Donald Trump's speeches the other day in which he boastfully states that of 75 companies he's invested in over the past year, every one of them has gone up with the exception of three. Perhaps he uses the method you suggest of going in the opposite direction of broker's recommendations. Far more likely of course, he was telling porkies.
The only thing I have left to say about this is that following broker's recommendations has never ever worked for me.
SGH Price at posting:
$1.03 Sentiment: None Disclosure: Not Held
