Let's have a look at this.
A poster on here exactly one year ago today posted a snippet of a mac equities research note suggesting a buy with a price target of $1.55 a share. Anyone can scroll through and have a look.
How can anyone believe any analyst for any share? Seriously? Whenever I do the exact opposite, I usually have a win.
I think this was one of Brucey's points over the last couple of years.
I will take technical indicators (a 3 year double bottom, oversold stochastic and oversold RSI) as a probability of a bounce. LME warehouse levels of Ni continue to fall to two month lows.
Let's see how far I am wrong.
MCR Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held