It seems MOF seems to run out of steam at 20c regardless of the rest of the market. 20c was the rights issue price, so we still have more non-believers in MOF to clear out. Once this happens, hopefully MOF will move back down the ranking.
But REIT sector has in recent weeks lagged the rest of the market, if you exclude smaller "Explosions". Perhaps REIT as a sector is due for a move down the SECTOR ranking.
If banking sector can consolidate its recent gain, REIT should be next in line for gain. Hopefully there isn't another financial implosion before REITs get its chance to move up.
MOF Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
