white_goodman
BOC
- Joined
- 13 December 2007
- Posts
- 1,635
- Reactions
- 0
maby a short....
geez dude 34k. Dont view it as a failure jsut as a learning experience otherwise you will scar yourself from ever entering the market again
same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??
same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??
Like your honesty X1852 I'm down a few k (15 in fact ) on MQG but it's amazing all the good advise which is floating around after the fact
ROE .....hope your not in MQG & SUN.I'm in MQG and the shafting from this is painful enough, but to cope it from both ends
Geez Aussiest I've lost much blood I must be boardering on being anemic anyway if MQG goes down the shytterthere will be more than blood in the streets
That makes two of us, has got me in alot of trouble I must say, slowly learning to kurb this line of thought.I dont like selling at a lostI did try to pick up more SUN at $7.50 today but no luck
share recover from 15% down to 6% ...
same as most of u guys,
really learnt a grand lesson this week.........
I bought it at 41, sold it at 28, lost 34k
I wish I can quit shares ,
anybody can tell me what should I do atm ?
wait till the market getting peaceful ??
That makes two of us, has got me in alot of trouble I must say, slowly learning to kurb this line of thought.
Cheers
Sorry to hear about your lost but why sell out at $28?
if you already left it fall that far?
Losing money is never easy but over time other gains will make up
over time other gains will make up
How do you know that?
................................................................................................
tru tru tru, I guess it will bounce up soon, but just dunno where it comes back from... $10, $20 or $26, any idea here?
Not sure why anyone would take their money out of Macquaries CMT because they fear for the future of MQG.
MQG has a banking license which means, as a deposit taker, deposits are guaranteed by the RBA. That is why thay have all the Tier 1 ratios etc and are regulated by APRA.
As for MQG I also don't think they will suffer the same fate as their OS counterparts. MQG has a very diverse earnings stream, much more than what Lehman Bros/Bears/Morgan Stanley etc. That is not to say the investment banking aspect hasn't been dealt a severe body blow. What it will mean is a reversion back to less risky more traditional wealth management services.
Lets face it, after all is said and done with this crisis, those that are left standing are certainly going to gain a massive amount of market share. And yes there will still be plenty of people and institutions with heaps of money.
Listening to fear mongering about people withdrawing funds without understanding the facts helps nobody.
Would I be buying MQG here? Well for the first time in the banks listed history, they are trading under their book value. Goldman Sachs last night traded at about 1.15 times it's book, while Morgan Stanley (which has alot more liquidity issues than MQG) traded at about .75 times Book value. So on a fundemental basis the bank is definately looking cheap. Can it go lower? Of course, but we will never know what the bottom is until after the fact, so I guess you just have to pick a target price and trade it from there. Technically I can see MQG getting to around $20 which where its lows were in 2002.
Good luck to all.
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