I don't like the way they hide the broker names so you don't know which broker has what recommendation on it. If they are going to contribute a target, they should be named.
Clearly MCW is not going to be worth $15 in 12 months! lol.
Even $1.5 would be a stretch. So why does a hidden broker put out such an outlandish call?
Obviously it is disingenuous and done just to manipulate the average price across all brokers. And the fact that they are not named makes this possible.
The weighted recommendation system is a farce.
But more worrying is the continual recidivism by the financial sector that obviously refuses to learn any lessons from this crisis, rooted among other things in false credit ratings and artificial price setting.
It continues unabated even to this day!.
MCW Price at posting:
25.0¢ Sentiment: None Disclosure: Held
