MQG - Macquarie Group

[Seneca60BC]

What ever your views, a profit of 2 billion dollars last year is nothing to laugh at - even if they make half that this year - yea alot of cookies to go round LOL

 

[Seneca60BC]

Interesting point.

Can you expand?

Buy in fear etc etc

MQG are on the nose, have been and may be in the future.

Yours is a light shining amongst a veritable rain of s**t on this shorters dream.

gg

Global mortgage securitisation markets have been effectively closed for the past six months. As a result, Macquarie substantially reduced its mortgage origination in Australia and ceased mortgage activity in the US. These businesses represented less than one per cent of total operating profit in the year to
31 March 2007.

Source MQG2008 Annual Report.

 

[Sunder]

Here comes the roller coaster...

I put in an order at limit $30 trade, 500 units.

If I don't get it, I don't get it.

I have this scary B&B Deja Vu feeling though.

Edit: Missed. Indicative pre-open went to $33.00

 

[justjohn]

where's all the chicken littles & bad news bears now,probably praying to there chart gods.Had to look in the archives for old MQG the saying ''no news is good news'' is on the money today

 

[white_goodman]

if they come off the high im still gonna short them this arvo, especially if the XAO follows suit... still reckon its a house of cards over there...

just got back from Mac Bank building actually, dw the windows are tightly fixed so no chance of jumpers..

 

[ROE]

Well done for those who game to come in yesterday .. now they can cash out and take massive profit

Yesterday must have been a lot of short selling and margin call ... I suspect a lot of people would have margin on MQG.

 

[ROE]

What ever your views, a profit of 2 billion dollars last year is nothing to laugh at - even if they make half that this year - yea alot of cookies to go round LOL

Trouble with leverage is they magnified both ways, pretty simple maths really

say you got $100 dollars you invest and you get 10%
so you end up with $110 bucks

you got $100 you borrow another $200
end of year you got $330 minus interest so you may end up with $320
so double your profit.

Next year bear market hit down say 25% down
your $110 = 82.5
your $330 back to $247 plus you got to pay interest so you
back to around $220

now out of you $100 buck you got $20 buck left because you still own $200

but look at it when you don't borrow you still got $82.5
see the magnification of a down turn.. MASSIVE ...

it just a rough calculation but as you can see, on the way down it could cost you 3-4 times as on the way up.

if this trend pro-long you end up with negative equity and you lose everything

but people lend you the money don't show you this scenario they only show you the $330 profit part so you borrow and borrow and eventually lose everything like Eddy of ABS and BNB and Alco and MFS etc..

 

[Sunder]

just got back from Mac Bank building actually, dw the windows are tightly fixed so no chance of jumpers..

They had better get solid bullet proof glass.

I thought more modern share traders were more like this:

 

[xoa]

What ever your views, a profit of 2 billion dollars last year is nothing to laugh at - even if they make half that this year - yea alot of cookies to go round LOL

Lehman Brothers made a profit of over 4 billion dollars last year.

Things can turn very bad very quickly.

 

[white_goodman]

up over 40% today.... wow, if you had the balls to buy in yesterday my hat off to you guys...

still gonna short this eventually tho

 

[white_goodman]

whats happened it jsut went 40-50% in 2 mins, i jsut cashed in on soemthing that i dont even understand

 

[YOUNG_TRADER]

One of Aust's largest if not the largest investment bank up 50% at its peak intra day

Amazing times we live in

 

[justjohn]

Justjohn, if you haven't noticed all the multiple notes of caution and warning about MQG for more than two years now, you just haven't been looking.

Thanks for the advice Julia but by not panicking and using common sense that this stock was grossly over sold, in 24hours I've turned a $15k defeciet into a $24K profit and that's missing todays highs of $38-$39+ .After a few years on the ASF you get use to the scare-mongering which takes place by certain people,especially by members who dont own the stock

 

[white_goodman]

Thanks for the advice Julia but by not panicking and using common sense that this stock was grossly over sold, in 24hours I've turned a $15k defeciet into a $24K profit and that's missing todays highs of $38-$39+ .After a few years on the ASF you get use to the scare-mongering which takes place by certain people,especially by members who dont own the stock

how much difference a day makes, party at your house tonight.... im pretty happy, i got a weeks pay in 45secs literally...

however its worth noting as a casual cadet im at slave labour practically

 

[Gundini]

What a difference a day makes!

All good for MQC now?

I feel sorry for those who capitulated and missed the spike...

 

[white_goodman]

What a difference a day makes!

All good for MQC now?

I feel sorry for those who capitulated and missed the spike...

far from out of the woods yet me thinks for the house of cards in 1 Martin Place...

i think tonight on the US will prove incredibly interesting, i may even check when i get home later tonight

 

[YELNATS]

What a difference a day makes!

All good for MQC now?

I feel sorry for those who capitulated and missed the spike...

Now it's case of "where to from here?". Will the following weeks see the beginning of a sustained recovery or a resumption of the downward trend? After observing the demise of AFG and BNB, no doubt many today took the opportunity to exit MQG to avoid further losses.

 

[white_goodman]

Now it's case of "where to from here?". Will the following weeks see the beginning of a sustained recovery or a resumption of the downward trend? After observing the demise of AFG and BNB, no doubt many today took the opportunity to exit MQG to avoid further losses.

from what ive seen on my charts im pretty sure the xao is now having trouble getting through an old line of support...now reistance. if we have a less the stellar wall street or weekend news i expect a down move... however the strength of the down move may indicate a few things....

however im an idiot so dont listen to my harball theories

 

[The Mint Man]

where's all the chicken littles & bad news bears now,probably praying to there chart gods.Had to look in the archives for old MQG the saying ''no news is good news'' is on the money today

They were probably off buying back their shorts, eating ours or both.

I got in with a small amount yesterday @ $26.80 and sold @ $34.80 on the bell today.... I was away for the best part of the day so I missed the 40-50% up I expected a bounce but not like that.... MQG even got a mention in the US Yahoo! finance articles

Cheers

 

[Seneca60BC]

Lehman Brothers made a profit of over 4 billion dollars last year.

Things can turn very bad very quickly.

And how much did they report in the quarterly reports? A few billions $$ in loss. Thats the difference.