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MTU - M2 Group

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Re: MTU - M2 Telecommunications Group

Out Too Soon said:
Sorry Country Lad, I must have jinxed it, also IIN & TPM (TPG) took a complete pounding :(
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And AMM down 15% after director and major shareholder selling.

IIN was dongraded by Goldmans and dropped off its high conviction list and may be that not said something about the sector in general.

But this is one heck of a sell off in a sector that's been rising none-stop for a good 12 months.
 
Re: MTU - M2 Telecommunications Group

This exercise demonstrates the need to adhere to stops. The trade gave me an overall profit of a bit over 44%. Had I ignored the stop, it would now stand at a bit under 32%. Yes, it might recover but I can always buy it back but more likely the funds will be in another positive trade.

Cheers
Country Lad
 
Re: MTU - M2 Telecommunications Group

skc said:
But this is one heck of a sell off in a sector that's been rising none-stop for a good 12 months.
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Exit just not big enough for a crowd.

I know in the case of MTU, as well as the trend followers wanting out you can probably add EFT holders who took script because it was rising and the big $2.66 rights issue has just turned over 12 months for CGT discount.
 
Re: MTU - M2 Telecommunications Group

craft said:
Exit just not big enough for a crowd.

I know in the case of MTU, as well as the trend followers wanting out you can probably add EFT holders who took script because it was rising and the big $2.66 rights issue has just turned over 12 months for CGT discount.
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I doubt EFT holders have anything to do with today's move... it'd be some off shore fund taking profit out of the sector...

These names are really not that liquid at the best of times and a rushed exit created a fair bit of carnage. Some domestic funds will step up and there's a good chance that these names will have a bounce tomorrow (many are well offf the lows already).
 
Re: MTU - M2 Telecommunications Group

Crazy action yesterday but the run it was on wasn't sustainable. iiNet got downgraded by Goldman Sachs apparently so that might have had an effect across the board also?
 
Re: MTU - M2 Telecommunications Group

skc said:
Some domestic funds will step up and there's a good chance that these names will have a bounce tomorrow (many are well offf the lows already).
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Or NOT.

Still very broadbased selling today and particular carnage for this sector.
 
Re: MTU - M2 Telecommunications Group

skc said:
carnage
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??

Depends on your perspective,

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Can't have businesses like MTU to easy to hold onto or everybody would be rich!
 
Re: MTU - M2 Telecommunications Group

craft said:
??

Depends on your perspective,

Can't have businesses like MTU to easy to hold onto or everybody would be rich!
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Lol. My perspective is short term and my aim is always smooth equity curve and minimal drawdown.

The market is often irrational and I am neck deep in the market. I guess that makes me irrational too!
 
Re: MTU - M2 Telecommunications Group

skc said:
I guess that makes me irrational too!
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You're also very good at what you do. It probably makes you more rational than you seem. ;)
 
Re: MTU - M2 Telecommunications Group

skc said:
Lol. My perspective is short term and my aim is always smooth equity curve and minimal drawdown.

The market is often irrational and I am neck deep in the market. I guess that makes me irrational too!
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Ves said:
You're also very good at what you do. It probably makes you more rational than you seem. ;)
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Is that a complement followed by a back hander?:D I'm sure skc realises no back hander intended, but it did give me a laugh.

The one thing that investing in businesses for the long term doesn’t give you is a smooth equity curve and there are certainly rational reasons for having a smooth equity curve as a priority, particularly at certain points in your life, at other times you have the freedom to pick the Merry Go Round or the Roller Coaster.
 
Re: MTU - M2 Telecommunications Group

craft said:
Is that a complement followed by a back hander?:D I'm sure skc realises no back hander intended, but it did give me a laugh.

The one thing that investing in businesses for the long term doesn’t give you is a smooth equity curve and there are certainly rational reasons for having a smooth equity curve as a priority, particularly at certain points in your life, at other times you have the freedom to pick the Merry Go Round or the Roller Coaster.
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It was a genuine complement. I didnt word the second part very well! Also agree with the equity curve analogies.
 
Re: MTU - M2 Telecommunications Group

Sold out at $6 on the 17th May, bought some back yesterday below $5.80 and had an order in for more at the close today but didn't get any.
Willing to top back up to original quantity if it keeps moving.

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Re: MTU - M2 Telecommunications Group

does anyone know why mtu has dropped 7% in the past couple of days. I know it was coming off a near high but without any major announcements it seemks like a massive plunge.:eek:
 
Re: MTU - M2 Telecommunications Group

small fish said:
does anyone know why mtu has dropped 7% in the past couple of days. I know it was coming off a near high but without any major announcements it seemks like a massive plunge.:eek:
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Market didn't seem to like their idea of investing $2 mill in an IPO, I got stopped out at 5.87.
 
Re: MTU - M2 Telecommunications Group

small fish said:
does anyone know why mtu has dropped 7% in the past couple of days. I know it was coming off a near high but without any major announcements it seemks like a massive plunge.:eek:
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JP Morgan released a piece of research on 11 July on the NBN's impact to second tier telcos' margins and downgraded TPM and IIN on the back of that. Both of these stocks have been weak since and I think MTU is being pulled along (rightly or wrongly).
 
Re: MTU - M2 Telecommunications Group

New all time high and close for MTU. Interesting in light of the carnage, plunge and whipsawing posts of the last page or so.

Obviously there’s now anticipation of a good result – which if it occurs would be quite impressive considering the integration tasks they have on their plate.
 
Re: MTU - M2 Telecommunications Group

craft said:
New all time high and close for MTU. Interesting in light of the carnage, plunge and whipsawing posts of the last page or so.

Obviously there’s now anticipation of a good result – which if it occurs would be quite impressive considering the integration tasks they have on their plate.
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Been watching MTU but haven't had the cash to jump in. There's now a risk that MTU has been "priced for perfection" and if the results don't quite live up to expectations, a lot of holders will jump out of the stock. Just about all the public coverage of MTU suggests that MTU should have a bonanza result to announce and nobody seems to be talking about the possibility that something has gone awry in the last 12 months. I'll probably keep my powder dry and look at the latest results before making a decision, even if I have to end up paying more because they do hit the high notes.
 
Re: MTU - M2 Telecommunications Group

Broke through recent resistance of $6.60, to close at an ATH (All Time High) of $6.75.
 
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