well if they have assets in the US with USD loans then that should be a natural hedge for the capital but with the AUD tanking it should be postive for the NTA of the unit trust.
at these prices i am thinking about buying some but the price of something doesnt go from $1 to $0.30 in a few weeks for nothing, someone is getting out and there are no buyers.
the same thing occured with MGX, when it was $1.80 there was insto selling and it went dont to $1.50 and all the retail brokers then brought it back up to $1.70 thinking it was really cheap, we all know where it is now. so i have a suspicion that there is something else going on.
i will wait a few weeks to see where it settles because MOF is a good stock but someone out there knows something we dont.
looks like duck probably is a duck, page-17
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
