MFG magellan financial group limited

Potentially large performance fee, page-34

  1. 687 Posts.
    I have real time access to the markets and I trade by watching the depth and technicals. All you need to do is watch how this thing moves. It has DODGY written all over it. The company has run from $1.30 to $21. Have a think about it....

    I have been saving lots of timestamped screen caps to build an argument against them, and these are being sent to ASIC. The price action is extremely desperate and predictable. They manipulate the depth MASSIVELY. Watch any open for an example. I have saved some that move greater than 5% on open. Absolute BS on NO NEWS.

    Depending on whether they want to move the price in a particular direction, let's say up. Go back and look at the intraday (1 minute) chart during its big run up earlier in the year. They will stack the bids with tiny individual orders. These start off as larger ones but are divided up into tiny parcels to give impression of many buyers (even though the volume doesn't change). ie. they might have lets say 2000 as a single bid then split it to 20 100's as an example. this stretches the bid order and gives the false impression that there are lots of buyers interested, when it's a load of crap.
    Secondly, they pull all the offers and leave that side of the depth extremely thin, so that any on market buys will send the price soaring. It's such an old tactic.

    Put it this way; if these guys were as good as you say; then they wouldn't need to do dodgy and ILLEGAL things like this.

    Invest in this awesome company, for what it's worth.
 
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(20min delay)
Last
$8.49
Change
0.000(0.00%)
Mkt cap ! $1.461B
Open High Low Value Volume
$8.50 $8.67 $8.48 $3.088M 361.0K

Buyers (Bids)

No. Vol. Price($)
1 1950 $8.48
 

Sellers (Offers)

Price($) Vol. No.
$8.59 5048 2
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
MFG (ASX) Chart
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