MFS mfs limited

My ABN brokers tried to talk me into buying MFS about 10 days...

  1. 491 Posts.
    My ABN brokers tried to talk me into buying MFS about 10 days ago at $4.00. Their analyst claimed that they will be over $6.00 soon due to some good news.

    Conversation was like this:
    Me: if its true, why are they going down
    ABN: because some major Asian fund is dumping them
    Me: if they are dumping, why do u want me to buy them? And why are they dumping and getting rid of them?
    ABN: they will stop dumping and go up to above $6.00
    Me: how do you know when they will stop dumping ?
    ABN: dont know.
    Me: not touching MFS, as it looks like freefall.

    Great recommendation! thanks! Show you how "good" their analysts are.
 
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