"ASIC should be investigating this crowd as their claims are ludicrous and against all ASIC guidelines. Have you read the diatribe that they espouse ? Rampant ramping at it's best."
Why?! How is it different to your broker recommendation of , say, BHP? How do you know their claims are ludicrous and against ASIC guidelines when you haven't even read it?
The only difference I can see is that most broker recommendations are not worth sh!t.
At least what they recommended are in the money, better than the boring bluechip portfolio my previous financial adviser set up for my super, which is still down 20% inspite of the recent market rally.
Whether the sp will drop when it starts trading or go up further then drop remains to be seen, of course it will retrace at some point, MEO did that too, but look at MEO now.
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