Dear Friends
Many members here take pains to share info and that is a VERY commendable act. I thank the members, owners and moderators for the same.
I too keep reading, analyzing reports and also post some of them to groups.
However, when you look back on the share market crash and casualities, it makes one wonder about the quality and real worth of these so called "broker", "analyst" or "specialist" views and "studies"
For e.g , as recent as Feb 2008 a "specialist" recommended a BUY on Sobha developers stating a price target of Rs. 1408/- per share
Sobha has steadily declined ever since and is now quoting close to 195 ... 198 - YEP just plain 195 per share i.e. a mere 14%... 15% of the Target
It is quite doubtful IF the stock would ever reach the target price in the next six to twelve months !!!
I searched to see IF there was a split or Bonus during this period but could NOT find one :-(
All these specialist reports come with lengthy disclaimers .....but nothing prepares us [investors] for a 85% fall !!!
Well....Well....Well...., what to say ??
PS : Please correct me, IF my views are wrong
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Important Note : Reports, News items or other items posted by me are NOT to be construed as Investment Advise. Please contact a certified investment specialist and make your own due diligence before investing money.
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Many members here take pains to share info and that is a VERY commendable act. I thank the members, owners and moderators for the same.
I too keep reading, analyzing reports and also post some of them to groups.
However, when you look back on the share market crash and casualities, it makes one wonder about the quality and real worth of these so called "broker", "analyst" or "specialist" views and "studies"
For e.g , as recent as Feb 2008 a "specialist" recommended a BUY on Sobha developers stating a price target of Rs. 1408/- per share
Sobha has steadily declined ever since and is now quoting close to 195 ... 198 - YEP just plain 195 per share i.e. a mere 14%... 15% of the Target
It is quite doubtful IF the stock would ever reach the target price in the next six to twelve months !!!
I searched to see IF there was a split or Bonus during this period but could NOT find one :-(
All these specialist reports come with lengthy disclaimers .....but nothing prepares us [investors] for a 85% fall !!!
Well....Well....Well...., what to say ??
PS : Please correct me, IF my views are wrong
Important Note : Reports, News items or other items posted by me are NOT to be construed as Investment Advise. Please contact a certified investment specialist and make your own due diligence before investing money.
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Regards
Subu
Subu
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