MQG 0.72% $224.91 macquarie group limited

any thoughts about the sudden drop wed pm, page-9

  1. 106 Posts.
    The sudden drop this afternoon coincided with a drop over 1 hour of 20-25 points on the XAO.

    However, I was watching the trades as it fell from 58 -> 57.31. There was a huge sell push that just took out every buyer (Dropped $58.00 @14.32 -> $57.31 @14:39).

    I wondered at the time if it was a large short sell order being rammed into the market - designed to take out the thin depth of buy orders that were in that region.

    Ahh well, $57.59 proved too tempting not to load up again - Amazing considering I was wondering if selling out at $65.55 the other day was selling myself short!

    Hopefully will manage to do a bit better than TSE has done recently!

    J.
 
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