mqg is a steal at this price, page-10

USA just got a downgrade,

Equity markets are tanking HARD,

Mac bank are trying to break into the US market and now have a large number of investments over there,

Not to mention that the wipe out on global equity markets is for Mac bank the equivalent of a farmer having his crops poisoned,

and this has all come AFTER they downgraded their profit, meaning it hasn't even been factored into the lower profit they were already anticipating!

you want MQG at a steal of a price?

looks like you will be able to pick them up a LOT cheaper!

u might get a small dead cat bounce this week but MQG has got a lot of drop left in her,

be very careful trying to 'catch a falling knife'

I remember I had people coming up to me telling me what a 'steal' Babcock and Brown was at 20 bucks! Haha! what a joke! they eventually had to sell their stock for a few cents!

the problem in my opinion is that amongst all this chaos MQG is a VERY non-transparent bank and who knows what goes on behind closed doors at that place,

I for one won't be touching them until at least next year,

beware the falling knife and learn from the lessons of the past..

cheers,

DD