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.
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B |
Open | High | Low | Value | Volume |
$18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45418 | $18.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.30 | 1200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 17409 | 18.260 |
3 | 1797 | 18.250 |
2 | 3500 | 18.240 |
3 | 2143 | 18.230 |
5 | 6103 | 18.220 |
Price($) | Vol. | No. |
---|---|---|
18.300 | 1200 | 1 |
18.310 | 400 | 1 |
18.340 | 3281 | 1 |
18.350 | 3000 | 1 |
18.380 | 75 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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