Guys, Firstly I feel for all the holders of MQG. I don’t mean to...

Guys, Firstly I feel for all the holders of MQG. I don’t mean to come on board with my first post being negative but I have just gone through this with BNB and lost a considerable sum.

I was watching a technical analyst on TV last night predicting MQG would see $18. Not that interesting except for the fact he called a $34 SP for MQG when it was well over $50.

Even more disturbing he called a drop in the ASX200 to somewhere between 3700-4300 by OCT/NOV. Then a rally to 6000 by March.

I also just received an email for a broker who is always extremely positive especially in resources. After reading the email, I got the feeling that the sky is going to fall.

I believe in the MQG, even more so than BNB and I am still heavily invested in BNB, but if you are leveraged don’t think it’s not possible that it will not go lower. Your much better taking a smaller hit now so that you can recover when the SP finally climes back up.

Good luck, hope she comes back tomorrow.

JMODYOR