APX 1.10% $29.80 appen limited

I like to follow brokers so that i get a good idea of what...

  1. 456 Posts.
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    I like to follow brokers so that i get a good idea of what consensus is - just an added tool in holding a stock. Are they right all the time? no. are they wrong all the time? still no. so they are somewhere there in the middle.

    In a recent analysis I read, brokers buy, hold, sell recommendations were compared with where those stocks were 12 months later. Their "hit rate" of making the right call was less than 50%. So if it came to listening to brokers' recommendations on Appen or any other stock, I wouldn't bother.
    Last edited by Zaxon: 21/06/19
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