Why is SP retreating ?, page-4

WR888 - not having  seen anything reported concerning  MYS directly and the RC it is assumed MYS is lumped into the pot with the rest of the banks to take their medicine from the RC findings and recommendations. AMP took a bath but has recovered somewhat so those who bought that stock near the bottom would be sitting on a nice profit right now.

The depressed housing market in Sydney & Melbourne could be having a bigger impact on MYS as bad debts could rise if owners are forced to sell at a loss. The media keep plugging away at the declining house prices painting doom and gloom across the nation. This is false as roughly the other 50% of Australian housing market is holding up well. Think Tasmania, SEQ, Northern Rivers NSW, Adelaide, Gold Coast + other pockets on the coast where property is in demand and prices are actually rising.

I have changed my sentiment to a hold at the moment and will re think this sentiment once the RC findings are published and a trading update is forthcoming from the company. MYS forms a small part of a diversified portfolio for me. Nice div / yield.