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.
MFS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held