Originally Posted by
BlackPeter
Even a blind hen sometimes finds a grain of corn.
I agree that it is easy to find examples where Forbar got it wrong, but I am sure, there are as well as many examples where they got it right - otherwise one could exploit their forecasting capabilities: Just always do the opposite of what they recommend and make money :) . Given however it is as hard to get forecasts in a statistically meaningful way above average wrong as to get them above average right I would not recommend this method either.
But seriously - no analyst, no broker and no poster is able to predict in a statistical meaningful way how share prices are going to develop, which means the only value these broker recommendations have is to move the market mood around (and yes, sometimes they might turn into self full filling prophecies).
Always good to understand the market mood, since that is guiding the hype component of any share price (which currently with OCA is in the ditch). Broker recommendations as well as posts in forums like this are outstanding indicators for the market mood.