- Joined
- 28 March 2006
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Just wondering if this is ever going to run out of steam.
I don't hold, missed all the entries, been waiting for the next correction that doesn't seem to be going to eventuate.
So I knew all about MFG back when it was selling for $1.70. Thought it was way too expensive and decided to give it a miss. As I have for the past 15 months now and still convinced is too expensive.
Are MFG and MFF LIC's or ETF's?
Thank you.
MFG is a fund manager. MFF is a LIC.
Neither of them are ETFs.
Wanted to short it this morning, forgot, then noticed it was down about 6% at lunch.
Got back to my computer now market is closed and it's up slightly.
Reasons for wanting to short it is because it's highly leveraged to market sentiment and what Microsoft did in the US last night made me think - The one leg table is about to fall over because the US dollar is going to kill the US recovery and it looked like the first shoe to drop along with the big CAT.
See what happens tonight!
Funds under management up 55% to $36.4 billion
• Net profit up 110% to $174.3 million
• Fully diluted EPS up 108% to 101.8 cents
• Dividends (interim and final) up 96% to 74.9 cents per share fully franked
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