one makes $$$ on entry. that simple really.
agree with not adding capital to the mkt, rotation is what i have done too - mkt is hanging by a thread, selling off when still cum-div (mkt in general - i know mfg is ex-div) is insane and counter history (typical strong Jul-Sep, weak Oct-Dec) - so what will happen post ex-div (Oct-Dec)? huge mkt cliff on the way.....
our mkt is undervalued as are euro mkts:
but we catch a cold when the usa sneezes, and they could easily do a 10-20% correction from here.
fundies in general will hurt if that happens, but im sitting idle overall as i can see deep value in the asx mkt but wont swim against the tide which is clearly running out, not in and at the moment....
one makes $$$ on entry. that simple really.agree with not adding...
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Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 928 | $9.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.77 | 2144 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |