oh dear mbl next stop 60 a share, page-4

one good call does not make one a genius. Uninformed investors may become very stressed and panic. june/july last yr, MBL SP was in free fall from 70 to 58.To borrow Gary Players motto: the more informed you are,the luckier you get.

I bought RIO at 66 last september and sold at98: I don't consider myself a genius. There are many more examples that I can mention.

My point was that there is a lot of Macquarie Bank bashing(annual?) , probably due to envy. To put MBL in the same boat like Enron is really damaging to Australia and its reputation. these guys are the first to move into infrastructure assets.

In Latenight Business yesterday, Allan Moss mentioned that they monitored their financial models using sensitivities up to 30%, ie to ensure that they can withstand extreme events which may impact on their business models.

similar sentiment from Phil Green about BNB.