Kooks is merrily singing Wise words in his old gum tree.
Seems you can hold many, many shares in Blue Chippies, own half of the ANZ Bank ( in particular ) and have investments worth multi-millions across a multitude of accounts with the aforesaid bank and still be annoyed all day.... ..... Akin to some yapping little bull terrier, - with the Junior Tea-Lady of the local branch designated the task of demanding you, or your representative, pay your margin loan within 18 seconds....... .......under direct threat of the Bank nuking, without warning - the entire East Coast of Australia ! : (
Clients are then forced to defensive sell, gain tax losses if poss, regain the initiative if the market accelerates, and then buy back in. The SP of all speculative stock suffers when the market hesitates - let alone has a panic attack or spits the dummy. Margin Loan calls, and other financial entanglements/agreements- exaggerate and then cascade, this phenomenon.
A reliable source indicated that in one bank alone, of late, when the share market is in downward free fall > 3,500 customers per day ( some of them , with > 6M + of margin loans & whom are within the ranks of the high echelons/management of the ASX 100 - are down sold, without regard ) - rendering them potentially, insolvent.
On a cheery note - MAE is Choofing and Chattanooga Chew - Chewing along.
Half Yearly Reports, Announced flow rates Whenever, Whatever -now, don't really have relevance to the final outcome. The assets and potential of MAE are on GS display.
The Macro-Economical question is....... When and Who to.
The Micro-Economical question ( of greater profound interest to all of us ) is ...... How much , and How quickly.
Cheers ; )
MAE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
