I'd bet on it.
If shorters continue to target MQG, they'll jump with there excess capital to buyback huge portions of the stock.
If it doesn't bounce off 41, the stock is in trouble in the ST.
MQG has no subprime exposures. What it does have is asset exposures. In this equity market, mark to market will force them next yr to potentially take writedowns on there listed vehicle stakes.
Thats the extend of the bad news at Macquarie. But that was a large part of the BNB noise as well.
The only question people should be asking is:
Whats more influencial, shorters shorting this stock down to hell or the company buying back with its excess B/S.
we know nuthin, page-4
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Last
$204.50 |
Change
-0.500(0.24%) |
Mkt cap ! $78.31B | |||
| Open | High | Low | Value | Volume |
| $204.90 | $205.39 | $204.26 | $86.07M | 422.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1151 | $204.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.65 | 4472 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |