MCG macquarie communications infrastructure group

a slogging rise, page-11

  1. 90 Posts.
    re: liftoff I agree, 5.75 is resistance and 5.35 support. This stock has been ignored by most as fund managers watch wpl, rio and other resource stocks fly. You can't always ignore hi cash flow/inreasing dividend paying stocks forever. It's been a year since the rights issue and the stock has been base building. My experience tells me that the longer the time a stock moves sideways, the greater the projected high. I have been involved with this stock for a couple of years and it has been wearing on my patience like all holders. I don't believe it will be long before mcg cracks the sellers in this area.
 
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Currently unlisted public company.

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