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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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 18.460 |
1 | 200 | 18.450 |
1 | 390 | 18.440 |
1 | 46 | 18.430 |
1 | 100 | 18.420 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4305 | 5 |
18.510 | 100 | 1 |
18.530 | 1251 | 2 |
18.540 | 1186 | 2 |
18.550 | 15214 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |