The sp backed off toward the close in line with the general market. People are nervious that the Dow won't hold as it has always fallen after a run during the last few months. More big US banks to report yet. If they follow the trend of Washington Mutual and JP Morgan, things may return to a normal market and MQG will head towards what the brokers are saying as a end of 08 target of $80-$90.
But if the credit crunch gets worse, those that say the sp will sit in the $50's may be correct. I hold from $46 so I am prepared to hold for a while yet. Some I know have held from high $70's and weathered the margin calls as they believe in the long term future of Macbank.
Time will tell.
The sp backed off toward the close in line with the general...
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Last
$208.73 |
Change
0.880(0.42%) |
Mkt cap ! $79.66B | |||
| Open | High | Low | Value | Volume |
| $208.00 | $209.90 | $207.70 | $76.15M | 365.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $208.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $208.80 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |