Ocker,you posted details a few days ago of brokers...

Ocker,

you posted details a few days ago of brokers recommendations on WYL.

"FYI, following are brokers ratings since start of July:


SB Citigroup Upgrade to Buy from Hold, High
UBS Neutral 2
Credit Suisse Underperform
Aspect Huntley Downgrade to Reduce from Hold
Merrill Lynch Neutral - Re-instating Rating
JP Morgan Neutral
ABN Amro Hold
Macquarie Neutral"

If I had listened to this advice I would have soold Wattyl at $2.76 for a substantial loss. By not following the brokers advice I now have a substantial and growing profit.

Are you one of these gormless investors who can't make decisions for themselves. I've learnt through bitter experience over many years NOT to trust brokers advice. I suspect that brokers will usually favour their institutional clients. I suspect they dole out free advice to the public as if what they say is gospel then do the exact opposite of this advice for their large institutional clients.

Why repeat brokers recommendations as if they are gospel?


Ajax