Will be interesting to watch MEA when it opens (halted for review of prospectus forecasts). Late history suggests 50% fall won't be unreasonable if it's not-good news (SPO, SGH, DSH, CAJ to think of a few). Throw in some recent headlines stoking housing bubble fears for good measure.
Few warning bells when it IPO'd for me included the CEO offloading a good chunk. I'm not yet ready to trade CFDs, but that and SGH have been very paper-profitable so far (actually unsure if MEA was short-able...?).
GMA is also interesting to watch for a short. Lenders mortgage insurance provider. They should be the first in line if loads of people start defaulting on mortgages (thinking of Syd/Melb apartment glut mainly).
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Last
3,294.5 |
Change
30.700(0.94%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,263.8 | 3,294.5 | 3,263.8 |
| XSO (ASX) Chart |