Energis

[chooty]

Any idea regarding the share price fall despite the brokers buy recommendation?

 

[titus-uk]

Welcome to the best BB around mate!

there is a lack of negative news, unless the new appointment announced today has a very bad track record - something I doubt!!

Rather, it is purely a sign of sentment, with yesterdays Naz falls. EGS is, like many equities, in a range, and starting to fall back within that range. Volatility is the key.......

All the best,

Mark

 

[titus-uk]

One more thing....treat "buy" recommendations with the contempt they deserve. Most of us here are cynical enough to believe that a buy recommendation usually leads to the institutions selling off huge bundles of shares to the very people they are recommending them too.....then buying the same huge bundles back at a lower price for the whole cycle to repeat itself.....

Be careful - there may be a retracement on the cards in the near future.....esp if the Fed next weak does not deliver.....

Mark