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 $4.91 a share.
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Another example of how you can't trust the advice of those so-called "market experts" and how they can be entirely WRONG.
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Below was what SEAN CONLAN from MACQUARIE PRIVATE WEALTH said...
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1 | 60 | 22.080 |
3 | 3057 | 22.070 |
3 | 1660 | 22.060 |
4 | 3400 | 22.050 |
Price($) | Vol. | No. |
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22.110 | 6660 | 2 |
22.120 | 360 | 2 |
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