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2002-07-02 What do brokers not take into account when providing their recommendations? (according to ICLG`s research)
SOME BROKERS’ RECOMMENDATIONS
AND REAL RISKS INVESTORS FACE IN RUSSIA
(ICLG findings for April 2002)
Example:
Troika Dialog had persistently recommended to “strong buy” the stocks of
Purneftegas during February 2002 – April 2002. During the same period RTS
index had gained 16%, while the common stocks of Purneftegas had fallen by
47%.
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