MQG - Macquarie Group

[Garpal Gumnut]

Thanks Naked, but if you read my posts I would predict that MQB will go under a dollar.

I've been bearish on this Merchant Bank/Potofgoldforinsiders since it was $14 on the way up!

Its a dog

Technically its being pushed up to levels where insiders can sell out .

It is a very sick puppie.

A chart

A long term downtrend.

And a short term downtrend.

I won't depress holders with moving averages.

Note the low volumes.

A miracle will pick it up, bad news and theres lots of it about will increase volumes and if the price goes down its going to be very very ugly

gg

G'Day Hecko.

Personally I don’t know which way the price will trend in the coming months but seeing you asked I read something interesting in the Financial Review today, it seems that David Clarke offloaded 153296 shares at $35.50 each on market on the 8 and 11 of May ( what impeccable timing ), and QUOTE " A source informed of Mr Clarke's intentions said the securities had been sold to finance the extension of a zero cost collar and the repayment of a loan" END QUOTE, it's on page 14 if anybody is interested.

Not implying this is good or bad, just something of interest to MQG enthusiasts. (BTW I’m one of them)

I should pay closer attention to company news releases.

Hi Guys, fellow bulls and bears.

Just want to mention that G.G. already explained his reasons for his bearish sentiments on this stock, you may just have to refer to his previous posts on this matter, me personally also feel slightly bearish on MQG due to the reasons none other than what I highlighted on post #763, may not be a valid reason but one nevertheless.

BTW i would have thought a return to volatility would have been welcomed, as traders this is what we live for.

Thanks for your defence of me cutz.

I've quoted the original chart , I don't have an update, problems with a computer crash and charting software, however if you do look at MQG there is huge support resistance at $35 and that is where that guy inside sold out recently.

So if it went up above $35 and then retraced to that level and then took off again I might believe it was finally in an uptrend.

Otherwise I'll stay bearish on the stock.



gg

 

[babka]

GG, may I quote your post #784 "I am still looking at picking it up at $8.00"
" " #801 " I would predict that MQG will go under a dollar". If you think that MQG will go down under a dollar, why would you bother to pick it up at $8.00???? Your posts are a concoction of downramping, confusion and grudges, since you haven't been able to present any reasonable argument to support your opinions.

 

[Garpal Gumnut]

GG, may I quote your post #784 "I am still looking at picking it up at $8.00"
" " #801 " I would predict that MQG will go under a dollar". If you think that MQG will go down under a dollar, why would you bother to pick it up at $8.00???? Your posts are a concoction of downramping, confusion and grudges, since you haven't been able to present any reasonable argument to support your opinions.

Mate, Nick Taleb the guy who wrote the Black Swan book on rare events and the consensus of fools in the market, relates a conversation he had with George Soros one morning at about 10am.

Soros as you know is in the top 50 richest men in the world and is a skilled speculator.

He asked Soros was he bullish or bearish on the US dollar. Remember this was 10am. He told Nick he was very bearish.

That afternoon at 3pm Soros appeared on TV being asked why he had bought up so many US dollars, since midday. He said he was bullish on the dollar.

Aggrieved Nick rang Soros and George said to Nick in explanation

" Never be afraid to change your mind. After speaking to you , I took on board some things you said and changed my mind."

And that is what I do, and that is what I would advise you not to be afraid to do.

MQG may go to a dollar or to $100 over the next few years, as may any stock.

None of us have a looking glass, just opinions and I value yours as much as my own, and I will change that opinion as circmstances demand.

On a fundamental basis I have on many threads in this forum questioned MQG, MBL as it was, BNB and other "banks and financial institutions" who speculate, double dip, lend to set up satellites and then charge fees for for accounting and pay their executives and board indecent fees and option packages. I will continue to do so.

On the Allco Finance thread people were just as strident as you are in its defence and good on them. It no longer exists. Shares are worth 0.00.

For what its worth on a charting basis $35 is a bit of a ceiling on this stock at present.

gg

 

[adds]

I'm bearish on this stock too at the moment. From a technical perspective I don't believe its looking to good in the short term. I've been short for the past number of days. This is not a bearish rant just trading what I see.

 

[boff]

Me too, I've been short since Monday, expecting to exit the trade at $27 around the time everyone gets their $26 shares at the end of next week.
Far from a cut and dried short term trade though as the volatility is such that it's an easy one to get stopped out on.
Also, thanks to the participants on this thread for their insights. It's been useful.

 

[shag]

yes they still have not explained how they r going to make a buk in this new market have they?
apart from arbritrage on using the gov's garantee/credit rating.
nz has a queenstown hotel project that they could sink up to 2bill into to keep it alive, and it has to be a far far better bet than when the idiots at macbank aus branch sunk a few mill into that dodgy blue chip fiasco(despite their macbank nz branch saying dont touch blue chip with a 100foot barge pole).
note the chief proprietor of blue chip is a guy called mark bryers, who is exiled to a pad in sydney, is trying to set up the same scheme here.
http://www.nzherald.co.nz/the-tangled-web-of-blue-chip/news/headlines.cfm?c_id=1501803
i know even the big boys make mistakes, but this one was so bad, at the last couple of yrs it was basically a ponzi scheme.
i'd be interested if he still had links to macbank, considered hes a wanted man by nz plublic plus nz courts and seems to have support here somehow.

 

[babka]

GG, thanks for your post and the examples quoted. Point taken and your effort in answering is much appreciated.

 

[adds]

Me too, I've been short since Monday, expecting to exit the trade at $27 around the time everyone gets their $26 shares at the end of next week.
Far from a cut and dried short term trade though as the volatility is such that it's an easy one to get stopped out on.
Also, thanks to the participants on this thread for their insights. It's been useful.

LOL, I have to agree with you on that one Boff, thought I was going be stopped out yesterday when it touched Monday's open.

 

[boff]

LOL, I have to agree with you on that one Boff, thought I was going be stopped out yesterday when it touched Monday's open.

Crikey - I'm with you there! My stop is at $32.25 and I think it got to $32.18 - v. glad I didn't have the screen up at the time, although tomorrow is of course very much another day.....

 

[boff]

Crikey - I'm with you there! My stop is at $32.25 and I think it got to $32.18 - v. glad I didn't have the screen up at the time, although tomorrow is of course very much another day.....

doh.. burnt fingers - stopped out at $32.28. Still, it'll be interesting to see how the week pans out. I've got a fairly strict rule about not chasing down a loss,so I won't be trying to short it again myself this week.

 

[Largesse]

The Big Donut up big time on news David Clarke is back in the game.

Well done of him for beating his sickness.

 

[naughtynickers]

yeah all the short sellers will be hitting the panic button!
word coming out of Maq bank there was very strong interest in the SPP.. wouldn't be surprise to see this rally for some time, if your short I'd be closing out it's now up over 10% on the day.

 

[cutz]

yeah all the short sellers will be hitting the panic button!
word coming out of Maq bank there was very strong interest in the SPP.. wouldn't be surprise to see this rally for some time, if your short I'd be closing out it's now up over 10% on the day.

Yeah on what basis, have you just gone long, how are you so sure that heavy short interest is out there, have you just bought off a shorter, what are you on about ??

Or are you just ramping, maybe you're just afraid of the boogie man.

Don't worry it's all just an illusion.

Hint>> Play your own game, try not to worry about what others are doing.

Adios.

 

[naughtynickers]

Yeah on what basis, have you just gone long, how are you sure that heavy short interest is out there, have you just bought off a shorter, what are you on about ??

Or are you just ramping, maybe you're just afraid of the boogie man.

Don't worry it's all just an illusion.

Hint>> Play your own game, try not to worry about what others are doing.

Adios.

thanks for making me feel welcome on my first post lol

i'm neither short or long, just letting people know that if you are shorting maq bank unless you're thinking long term it's of my opinion now is not the time to short it now. I am led to believe the SPP was very successfully and what you are seeing today is a reaction of such, that people want to consolidate their positions of this shonky stock

but anyway we will see I guess

 

[jono1887]

after that 12% rally today, i assume there'll be some sort of correction tomorrow... unless they keep rallying up based on the US markets

 

[nick2fish]

For what its worth on a charting basis $35 is a bit of a ceiling on this stock at present.

gg

Ceiling has gone Garpal. Is it now up,up and away now that capital raising has been completed ? What you know today, may not amount too much tomorrow. I continue to hold today

 

[glads262]

This just beggars belief. Not sure what is driving this rally...

I shorted 200 shares at 32.00 - locking in the sale price of approximately how many shares I expected from the SPP.
now I'm going to get 550 odd shares??
Lost $1000 on the short, but gained $2500 on the SPP shares so far!
Am going to have to close out my short today, and will look to replace it end of the week. Will have to see where this leads.

 

[josh92]

so with the offer now closed?
does everyone get the full amount of shares that they requested based on how much they invested? or is there still a scale back to how many shares will be offered?

with todays nice gains a hedge may be in order. we will see by close.
but interested on the first part.

thnx in advance

 

[glads262]

so with the offer now closed?
does everyone get the full amount of shares that they requested based on how much they invested? or is there still a scale back to how many shares will be offered?

with todays nice gains a hedge may be in order. we will see by close.
but interested on the first part.

thnx in advance

No Scaleback.
If you applied for $15k, you should get 565 shares.
At $36.60, thats a $5650 profit if you sold today...
Like I said, where has this rally come from??
I can't tell...
Anyone who hasn't already, could consider shorting 565 shares today and locking in their sell price on their SPP shares.
Not bad for two weeks work...
That said, this unexplained rally could continue for the next week too!

 

[moreld]

Here is MQG's ASX announcement is case anyone is interested.

55,000 apps for $669M resulting in up to 25.2M new shares.

So it appears about 1/3 of eligible shares were taken up. Did the fall last week scare people away?