Aside from the downramping, here's for the 100th time clear reasoning why I'm still shorting this dog stock:
https://www.magellangroup.com.au/funds/magellan-global-fund-open-class-asx-mgoc/
-2% outperformance over the past three months, almost -3% on the six. Negative EIGHT percent BEFORE fees on the three year. That is bordering on long term destruction of investment. Especially in an ultra high inflation environment no sensible person can keep their money in a fund getting returns less than ten percent, underperforming the market by 8% and charging industry high fees.
Totally embarrassing.
$5-6 stock in the next 6 months. Very, very sad.
Aside from the downramping, here's for the 100th time clear...
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Last
$8.43 |
Change
0.210(2.55%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $8.23 | $8.45 | $8.20 | $6.423M | 769.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7432 | $8.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 27807 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |