Below was what SEAN CONLAN from MACQUARIE PRIVATE WEALTH said when the sp of FMG was around $9.50 just 1-2 weeks ago.
When I read it, I was thinking ... no way ... price target of $4.91 ??? (his accuracy is down to the cents!) I really did wonder where the f did he pull that figure from.
Nevertheless, I entirely disagreed with his view and picked up a bunch when it was about $9.50. Now, I am glad I did! :)
Here is the link http://www.compare shares.com.au/black12.php
(go to the bottom of the page and you can see his clueless look :) )
SELL RECOMMENDATION
Fortescue Metals Group (FMG)
While FMG will be one of those companies to benefit from a strong bulk commodities market, we struggle with the price and continue to see better value elsewhere in the sector. Expect it to under perform, and our price target is $4.91 a share.
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Another example of how you can't trust the advice of those so-called "market experts" and how they can be entirely WRONG.
sean conlan macquarie private wealth
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |