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MQG

Discussion in 'Australia' started by mhh, Sep 23, 2009.

  1. mhh

    mhh F1 Veteran

    Feb 16, 2004
    5,739
    Australia
    Full Name:
    Mark
    $57 - I'm back in the black. :)
     
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  3. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,780
    Melbourne, Australia
    Full Name:
    Brett
    Well done Mark. ;) I know how it feels. I have just over $1k to go to break even. :)
     
  4. ihavearedferrari

    ihavearedferrari F1 Rookie

    Nov 23, 2007
    3,134
    Sydney
    Full Name:
    Adam
    Wonder if it'll stop growing anytime soon.
     
  5. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,275
    What do the Gann angles predict?
     
  6. Scaramouche

    Scaramouche Formula 3

    Oct 6, 2007
    1,443
    Ostraya
    Full Name:
    Red Power Ranga
    Pay me $5000 and attend my latest seminar and you will find out ;)
     
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  8. Aircon

    Aircon Eight Time F1 World Champ

    Jun 23, 2003
    88,602
    Melbourne, Australia
    Full Name:
    Peter
    lol

    well done

    that was quick!
     
  9. PAP 348

    PAP 348 Moderator
    Moderator Owner

    Dec 10, 2005
    86,831
    Mount Isa, Australia
    Full Name:
    Pap
    What was the lowest price point these shares hit recently?? Was it $21 or something?? Or was it $30 something?? :):)

    Nice work Mark! :):)
     
  10. Arvin Grajau

    Arvin Grajau Five Time F1 World Champ

    Jun 7, 2006
    59,007
    Full Name:
    Arvin Grajau
    another 200k for me
     
  11. Arvin Grajau

    Arvin Grajau Five Time F1 World Champ

    Jun 7, 2006
    59,007
    Full Name:
    Arvin Grajau
    #9 Arvin Grajau, Sep 23, 2009
    Last edited by a moderator: Sep 7, 2017
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  13. wrxmike

    wrxmike Moderator
    Moderator Silver Subscribed Owner

    Mar 20, 2004
    5,927
    AU
    Full Name:
    Michael
    Touched $15 on the 3rd of March, closed @ 57.63 yesterday.
    If you had bought on the low, you would have made close to 4 times the money, one of the best ( perhaps the best) recovery of all leading stocks since March.
    The peak for MQG was $83.59 in November '07.


    M
     
  14. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    I am $60k in front :)
    Just sold some to reweight portfolio.
     
  15. Aircon

    Aircon Eight Time F1 World Champ

    Jun 23, 2003
    88,602
    Melbourne, Australia
    Full Name:
    Peter
    ya showoff!!

    hey...any prediction when they're going to be $120?
     
  16. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    It doesn't make up for the debacle of the last 12mths or so; but I am getting close.

    No idea. I learnt an expensive lesson about not locking in profits and portfolio weighting with ERG. Not looking to repeat the same mistake.
     
  17. alexm

    alexm F1 Veteran

    Sep 6, 2004
    5,194
    Coast up from Sydney
    Full Name:
    Alex
    Funny thing shares.. next door neighbour is/was with Babcock & Brown.. whatever "low" you would have bought it could go even lower.. talk about dead cat bounce.
     
  18. wrxmike

    wrxmike Moderator
    Moderator Silver Subscribed Owner

    Mar 20, 2004
    5,927
    AU
    Full Name:
    Michael
    Well done to lock in some profits, market usually takes a breather after a strong run - the only question is when.

    M
     
  19. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    I was lucky with Babcock and Brown, the broker told me it was a dud before the poo hit the fan. I got out in the black, very lucky indeed.
     
  20. wrxmike

    wrxmike Moderator
    Moderator Silver Subscribed Owner

    Mar 20, 2004
    5,927
    AU
    Full Name:
    Michael
    B&B used the MQG business model, so by implication there was a lot of risk associated with MQG, one reason why their price fell so heavily and has also recovered so much. MQG still has a long way to go to get back to it's peak though.

    By comparison, CBA fell to about $25, and is now back at $50, and its peak was around $62, so even in the worst case, you are only about 20% below the peak at the moment, and even less so if you consider dividends.

    You never know what the 'peak" or "bottom" was except in hindsight,

    M
     
  21. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    It doesn't really matter if you are in it for the long haul I guess.

    I went very overweight in local banks with the GFC silliness. I had to do some portfolio
    re weighting, especially now that super contribution changes mean you can't pump lots of money in any more. I still like banks for the long haul.
     
  22. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    CBA has been good to me too.
     
  23. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,275
    Cheek's in the male! :p
     
  24. Arvin Grajau

    Arvin Grajau Five Time F1 World Champ

    Jun 7, 2006
    59,007
    Full Name:
    Arvin Grajau
    ASIC should shut you down!
     
  25. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,275
    Let 'em try, mate!

    Stick with me, buddy. I'll make sure that I, errr, i mean you, will get rich real quick using my tried and proven methods!
     
  26. Arvin Grajau

    Arvin Grajau Five Time F1 World Champ

    Jun 7, 2006
    59,007
    Full Name:
    Arvin Grajau
    Just so you can buy another car.
     
  27. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,275
    yep
     
  28. Arvin Grajau

    Arvin Grajau Five Time F1 World Champ

    Jun 7, 2006
    59,007
    Full Name:
    Arvin Grajau
    trouble maker.
     

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