Hi IP2,
I agree with you, as you can't short MQG at the moment, there is no point for anyone to down ramp a stock. Apart from "trying" to help.
Anyway, I was making money on MQG trading the $24~$28 range for a while. But today, I've lost all my previous profit. Hit my stop loss at $18. Glad that I did. After the midday ann. I thought she would jump back, but she didn't. When ANZ told everyone that they don't need cap rasie, share jumped 9% that day. MQG??? a 5% in the RED!
It is a gamble at the moment, I think.
Punting that the ASX will extending the "short ban" futher after the 6th of March. If they lift the ban, I am pretty sure MQG will hit $10! If they life the ban, I myself will be shorting her too. What makes them so different from BNB??? Those business model prvious help them to have a straight 17 years gain is finished, over!
Their share price drops is so much alike how BNB was last year from $33 to "nothing" From the $24 mark, she has been dropping, more and more, can't see any support what so ever. In one word! Too hard, there is better money to be made elsewhere. Financial is not a good place to be in 2009, but no risk no reward, I would rather have my money on ANZ instead. At least the $12 support has held up very well.
Sel
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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. |
---|---|---|
$208.80 | 150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 208.700 |
1 | 108 | 208.210 |
1 | 250 | 208.050 |
1 | 2553 | 208.020 |
2 | 52 | 208.000 |
Price($) | Vol. | No. |
---|---|---|
208.800 | 150 | 1 |
208.970 | 20 | 1 |
209.000 | 178 | 3 |
209.030 | 1334 | 1 |
209.040 | 1379 | 3 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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