pecora,
I would have thought that - had you followed RMD analysts over time and how woeful their "target prices" and "recommendations" have proven to be - you would be reluctant to quote their work on such an august forum as HotCopper.
As case in point, this particular analyst I recall having "HOLD"(euphemism for Sell) recommendations for years when the share price was around $4.00/share, then upgraded to "BUY" at $9.50/share (with a $10.70 target price).
And now has gone back to "HOLD"... after a 25% fall in the share price from when he upgraded.
And the way the target prices generated by almost every Resmed analyst have followed the share price round, transcends into the realms of laughable.
Talk about zigging when you should be zagging.
Hardly worthy of attention, let alone to be taken seriously.
Where does this end?, page-27
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$37.28 |
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| Open | High | Low | Value | Volume |
| $37.50 | $37.55 | $37.15 | $17.93M | 480.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3363 | $37.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $37.30 | 1001 | 2 |
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