MCW 0.85% 58.5¢ macquarie countrywide trust

It has surprised me that over the last 2 days the sell depth has...

  1. 358 Posts.
    It has surprised me that over the last 2 days the sell depth has increased from virtually nothing (1-1.5mil) to over 8 million now. It seems that yes, liquidity is there but there is alot more resistance in the short term so unless there are some big buys. Someone mentioned profit taking so after the rises over the last couple of weeks (90-100%!) this makes sense.

    I think that the dividend confirmation is important. I also think there maybe some risk related to that IF there in no confirmation on asset sales related to the $400m due later this year. It seems that some of the assets that were on the block have not been taken up, so i think this will be interesting to hear IMHO. I doubt there will be no dividend as the long term holders of this company would be even more annoyed.
 
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