mqg red rover - here's why, page-18

Hi IP2,

I agree with you, as you can't short MQG at the moment, there is no point for anyone to down ramp a stock. Apart from "trying" to help.

Anyway, I was making money on MQG trading the $24~$28 range for a while. But today, I've lost all my previous profit. Hit my stop loss at $18. Glad that I did. After the midday ann. I thought she would jump back, but she didn't. When ANZ told everyone that they don't need cap rasie, share jumped 9% that day. MQG??? a 5% in the RED!

It is a gamble at the moment, I think.
Punting that the ASX will extending the "short ban" futher after the 6th of March. If they lift the ban, I am pretty sure MQG will hit $10! If they life the ban, I myself will be shorting her too. What makes them so different from BNB??? Those business model prvious help them to have a straight 17 years gain is finished, over!

Their share price drops is so much alike how BNB was last year from $33 to "nothing" From the $24 mark, she has been dropping, more and more, can't see any support what so ever. In one word! Too hard, there is better money to be made elsewhere. Financial is not a good place to be in 2009, but no risk no reward, I would rather have my money on ANZ instead. At least the $12 support has held up very well.

Sel