Eldorado Gold Corp T.ELD

RE:RE:Dicey comments from "George": Canadian Analyst Conspiracy?

[xBlitzkrieg]

That's exactly right goldsucks. And there is no conspiracy it's fact that analysts give absolutely biased recommendations on investments. In this case it was probably to accumulate. Is it any wonder why analysts almost never offer sell recommendations? Usually just buy or hold? The very same firms that these analysts work for are the ones that want take care of public offerings or sell large blocks of stock...

"Many Wall Street firms have three major sources of income: Commissions and fees from executing customers’ trades, profits from trading securities in the firm’s own account, underwriting fees from helping companies sell new blocks of stock in initial public offerings. Analysts were once house intellectuals separated by a "Chinese Wall" from the rough-and-tumble of making money. Now an analyst may have conflicting roles in all three money making operations. The analyst who feels customers should avoid shares in Company X might be reluctant to issue a negative recommendation if his employer owned a large block of Company X shares."

https://knowledge.wharton.upenn.edu/article/buy-hold-or-sell-do-conflicts-of-interest-mar-analysts-stock-recommendations/

I think it's entirely foolish to even pay attention to analyst recommendations at all. Do your own due diligence or get someone else to manage your money. 

 

goldsucks wrote:

CatamaranFund wrote:
Just came across 

https://shortdata.ca/stock/ELD.TO/

George on Yahoo
https://finance.yahoo.com/quote/EGO/community?p=EGO&.tsrc=fin-srch

George2 hours ago

"...In all seriousness, here we sit on eve on historic National Election in Greece with massive economic implications for Greece itself, as well as any outside investor into Greece, and not one word from these 15 sell side analysts whose job it is to evaluate these external political catalysts and give guidance to investors over the implications of Govt. change on the value of Eldorado Gold’s assets 42% to 50% of which are Greek. So, with 12 total days until this massive political change happens and only 8 trading days left to make investment, these 15 sell side analysts are quiet with nothing to say, despite it being their job to say something. This proves they are complicit in the conspiracy or cabal of artificial price suppression in my view. If you stay silent, it’s as good as committing the crime yourself. .."

"...These 15 analysts are corrupt to their core for sure. 
Analyst Coverage
Brokerage/Bank Analyst Location
Bank of America Merrill Lynch Michael Jalonen Toronto, Ontario
BMO Capital Markets - Andrew Kaip Toronto, Ontario
Canaccord Genuity - Carey MacRury Toronto, Ontario
CIBC World Markets - Cosmos Chiu Toronto, Ontario
Cormark Securities - Richard Grey Toronto, Ontario
Credit Suisse - Fahad Tariq Toronto, Ontario
Desjardins - Josh Wolfson Toronto, Ontario
Eight Capital Craig - Stanley Toronto, Ontario
Global Mining Research - David Radclyffe Sydney, Australia
GMP Securities - Steven Butler Toronto, Ontario
Haywood Securities - Kerry Smith Toronto, Ontario
JP Morgan - John Bridges New York, NY
National Bank - Mike Parkin Toronto, Ontario
Scotia Capital - Tanya Jakusconek Toronto, Ontario
TD Securities - Steven Green Toronto, Ontario..."

BTW...
Cabal definition is - the contrived schemes of a group of persons secretly united in a plot (as to overturn a government); also : a group engaged in such schemes.

While i may not completely share this view...One thing for sure is that many feel that most Canadian analysts missed the boat on recent meteoric recent rise of Eldorado and also it's upcoming potential value based on revising geopolitical considerations and changing Greek political/ business sentiment. Anyone care to comment on why analysts are so quiet on Eldorado (or unsupportive)?

 
 

As I said in my previous post Eldorado (and most Canadian gold miners) are in the phase of stilling shares from retail investors into institutional  accounts before big rally. Who do you think those ANALysts work for?