Recent severe fall in MOF share price, IMO I may think the following reasons. I will appreciate if anyone enlighten me.
1. Generally almost all stock price went down especially REITs stocks after recent rally (hopefully part of correction to be strengthening in the future
2. Negative article in Tuesday's SMH p18 under headline "Macquarie Office victim of third party" (= company's recent announcement)
3. NTA $0.63 from last report of $0.72
As a share holder my biggest concern is that recent consecutive ASX (and world Indices such as DOW, FTSE, DAX, Nikkei or so)falls is going to break the up-trend including, of course, individual stocks.
This is going to remind me last 12 consecutive falling before start of full scale Bear market.
IMO it is time to be very alerted to see whether it is start of double dip or not. In worst case I am going to sell all of my holding stocks.
Tommorrow is very important day.
regards,
MOF Price at posting:
20.5¢ Sentiment: None Disclosure: Held
