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PNV - Banter and General Comments, page-10326

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Themitch343

59 Posts.

6

10/10/23

14:19

Post #: 70267960
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Originally posted by BuffettWarren: ↑

Ord Minett has an investment facility called Short Plus. PNV is on the list of companies 'investors' can short through them. So just like brokers give 'buy' ratings (which they often get wrong), Ord Minett has extra motivation to recommend a 'sell' (ie. not just recommending moving out of a position - but to others who don't even have a position, but want to bet on a fall ). Just a way for the broker to double the customer spend and more profits either way for Ord Minett.
Naturally they lose credibility the more they get wrong. But they, like all brokers, work on 'belief' (ie hope) they will guess more correct than they get wrong.
If they have quite a few of their members going short - I wonder if that might influence their ''recommendation'?

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fair assessment thanks mate.

PNV Price at posting: $1.27 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $2.10		Change 0.020(0.96%)		Mkt cap ! $1.449B

Open	High	Low	Value	Volume
$2.09	$2.11	$2.08	$385.4K	183.9K

Buyers (Bids)

No.	Vol.	Price($)
15	29158	$2.10

Sellers (Offers)

Price($)	Vol.	No.
$2.11	12858	25

View Market Depth

No.	Vol.	Price($)
15	29036	2.100
15	50241	2.090
14	64984	2.080
13	54846	2.070
12	17967	2.060

Price($)	Vol.	No.
2.110	12858	25
2.120	46870	20
2.130	36524	14
2.140	34475	8
2.150	13778	9

Last trade - 11.05am 27/05/2024 (20 minute delay)


Last $2.11			Change 0.020 ( 1.04 %)
Open	High		Low	Volume
$2.09	$2.12		$2.09	50908
Last updated 11.24am 27/05/2024 ?

PNV (ASX) Chart