Crikey - looking at this mornings posts - there are some words you just don’t expect to see when you log into hotcopper……
Anyway, the usual ghouls trotting out their usual stuff over the past week or so - that’s what you do expect to see.
MFG has been bid up 15% in the past couple of weeks. I wouldn’t dare read anything into that - probably just the traders playing games like they have been for a long time now.
Longer term holders can only hope the FUM update soon to be released will show minimal outflows - that’s about as good as it’s going to get.
Having said the 15% is probably just traders playing games - we can always dream there’s something real behind it …..Microsoft is still the top holding in the global fund and that’s had a strong 3 months and the ‘banking crisis’ shouldn’t have effected MFG to any great extent - maybe investors/institutions have run out of reasons to pull funds out ?
Sigh - I’ll hang on for another month.
MFG Price at posting:
$8.67 Sentiment: Hold Disclosure: Held
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