1. 29.0k
    Posts

    would not touch any bank shares till royal commission hand down in FEB..

    1 like
  2. 68.7k
    Posts

    took a nibble at extra ANZ today i have avoided NAB and CBA as directly held shares so far ( but i have exposure via LICs and ETFs ).

    but realistically they are interwoven in the economy ( like a cancer ) as a long term yield play they have some appeal , despite the precious sins .

    i won't touch CBA above $50 , but NAB could be badly smashed tomorrow ( like AMP has been justly punished )

    allowing for a dividend slash ( to say $1.50 a year [ 2 x 75c ] ) still seems to be better than TLS medium term

    ( i already have a sub $20 order in the market for extra WBC )

  3. 29.0k
    Posts

    NAB/ ANZ / WBC monthly all show 21 ish and CBA 60 gives XJO around 5250 ish IMO

    1 like
  4. 68.7k
    Posts

    already hold WBC ( av. SP $20.50 )

    am nibbling carefully on ANZ

    my bank exposures MQG , BOQ , WBC , BEN , ANZ and SUN ( by $value )

    the banks are at a lower portfolio concentrations to what most folks have ( i was waiting for the next crash to bulk up )

  5. 29.0k
    Posts

    next crash is unfolding and will gather speed in 2019 IMO

    1 like
  6. 68.7k
    Posts

    am under pressure to ( wisely ) park cash ,

    i will try to keep some powder dry but some NEEDS to be working ( as best it can )

    i have been waiting for this crash since mid 2013 .

    goodness knows how bad this crash will be ( but i suspect it will be as least as bad as 2011 )

    the banks are already badly weakened , ORG and TLS troubled , AMP .. just tragic COL an unknown quantity and plenty of others not traveling so well considering the XJO is hovering around 5600

  7. 4.5k
    Posts

    Gliding down to the 50 buy zone for this behemoth

    1 like
  8. 4.7k
    Posts

    I ain't touching CBA as see better value chasing WBC, NAB and ANZ if/when they fall another 10-20% from current levels imo DYOR

    1 like
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