MFG 0.70% $9.95 magellan financial group limited

MFG is risky right now. We simply do not know how the cookie...

  1. 3 Posts.
    MFG is risky right now. We simply do not know how the cookie will crumble. Keyperson risk is real...Mr Douglas must be under tremendous psycholocical strain. I don't see Sell/Buy as black and white. I would focus on managing the risk here and use a grey decision strategy.

    Options:

    1. Sell some consistent with your entire portfolio so that your overall risk is contained.
    2. Sell all. Brokerage is so cheap now. Sell sit on the sidelines with a close eye on the share price. Many strategies are available that help you to detect a change in the trend. When you have become attuned to the price movements in a stock you will notice even without technicals that the trend is reversing. Sure, it costs brokerage and you may miss the first 5 to 10% of the price reversal but look at that as the cost for a lower risk investment.

    Personally, I will watch closely and buy when the trend reverses. Support is around $20 and I will be interested when $36.90 is traded again.

    Good luck all. Oh...I think this is my first post

 
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