MQG Macquarie Group

**The Big Ease** · 11-03-2009, 01:45 PM

Originally Posted by geezy

can mac bank ever stage a come back?

i think so.
18 months into the worst financial crisis in nearly a century and they are still holding up nicely for an investment bank.

I bought in today expecting a bounce back to between 25-30 dollars after the recent sell off.

what do the charts say?

**geezy** · 11-03-2009, 02:19 PM

25-30 mark is an ok target if you bought it off during the 17 dollar mark.

happy hunting!

I just hope they pay their execs less. investment bankers dont deserve those money, its not theirs anyways . my 2cents

**soulman** · 11-03-2009, 06:02 PM

Good luck Big Ease. I think Citi announcement last night got you into MacBank today?

**The Big Ease** · 11-03-2009, 11:27 PM

Originally Posted by soulman

Good luck Big Ease. I think Citi announcement last night got you into MacBank today?

that and the recent sell-off looks to me to encourage a bounce of sorts.

**The Big Ease** · 17-03-2009, 07:21 AM

well mqg breaking through some short term down trends.
another good day on the dji and ftse will help it along a little further. must be close to the shorters wanting to cover themselves. doubt would have to creep in at sometime.

i have read of charlie aitken proclaiming the shorters are about to get caught, but he is half twit and a few parts wisdom. I haven't really worked out when he is informed and when he is trying to be the australian jim cramer.

anyone handy with a chart?

**The Big Ease** · 19-03-2009, 11:31 PM

cheers AA.
i was lucky to get in at around 18 bucks.
so far its looking good.

**The Big Ease** · 19-03-2009, 11:55 PM

thanks AA. it makes sense

btw, i initially got in at 18 because it just looked right on the MACD, OBV and RSI.
Interestingly, i have no idea what any of these measure. they just suggested the possibility of an upswing given the historical behaviour of the stock...34% later....she is all smiles!