OEX 0.00% 0.2¢ oilex ltd

shows how usefull analyst forcasts are

  1. 7,998 Posts.
    lightbulb Created with Sketch. 6
    Just had another look at OEX EPS forcasts only to see they have been slashed again.

    I think when I first starting posting on OEX EPS forcasts were ... and (now)

    2008 - 21c (-6.1c)
    2009 - 52c (5.5c)
    2010 - 52c (42c)

    Excuse if they are a little out - figures only from memory.

    But serves a good point that forcasts accepted and acted on as "facts" are anything but.

    Random numbers in excel probably would have done a better job thus far.

    At the end of the day the stock price looks like it will keep rising medium term here at least and for us as investors thats all that matters.
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