New posts

Reply to thread

Message

Its the usual story .... late 2018 I bought so many banks when it was end of the world ... NAB I ended up with a lot of ...

As it rose ... I reduced and by rise I mean a rise above $28- ----- this year the doomsayers selling at lows are out for Westpac.

Same rules ,,, different year ... different bank but identical or close to enters and exits.
NAB went from below $24= to $30 ish .

I am always amazed when the value, underlying value of stock represented by the price falls and people should be more enthused, more bullish .... retail types are the opposite and actually buy at the peaks and sell at the lows.

Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows. Yes of course the industry has been paying too much i n dividends and that Australia is implementing capital requirements the USA and EU will unlikely enforce till 2024 and beyond ... this has very clearly has already been taken into account with the actual price. Instead of rising with inflation and GDP growth and underlying profit rises, we are essentially reflecting the new normal of much more capital being held to protect depositors.

Suggesting some new bitcoin or other medium will replace banks is absurd in the extreme. If it were to occur, which of course is a maybe, the same security and capital reserve requirements would be insisted upon as actual banks. Since these tin bit computer generated coins have no underlying value and no reserves and 17 odd billion has been stolen in 2019 so far, I for one think its unlikely I will be seeing there emergence anytime soon.

Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows.

Are we near the low or high ?

<blockquote data-quote="kahuna1" data-source="post: 1047448" data-attributes="member: 30">Its the usual story .... late 2018 I bought so many banks when it was end of the world ... NAB I ended up with a lot of ...As it rose ... I reduced and by rise I mean a rise above $28- -----&nbsp; this year the doomsayers selling at lows are out for Westpac.Same rules ,,, different year ... different bank but identical or close to enters and exits.NAB went from below $24= to $30&nbsp; ish .I am always amazed when the value, underlying value of stock represented by the price falls and people should be more enthused, more bullish .... retail types are the opposite and actually buy at the peaks and sell at the lows. Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows. Yes of course the industry has been paying too much i n dividends and that Australia is implementing capital requirements the USA and EU will unlikely enforce till 2024 and beyond ... this has very clearly has already been taken into account with the actual price. Instead of rising with inflation and GDP growth and underlying profit rises, we are essentially reflecting the new normal of much more capital being held to protect depositors. Suggesting some new bitcoin or other medium will replace banks is absurd in the extreme. If it were to occur, which of course is a maybe, the same security and capital reserve requirements would be insisted upon as actual banks. Since these tin bit computer generated coins have no underlying value and no reserves and 17 odd billion has been stolen in 2019 so far, I for one think its unlikely I will be seeing there emergence anytime soon. Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows.Are we near the low or high ?</blockquote>

[QUOTE="kahuna1, post: 1047448, member: 30"] Its the usual story .... late 2018 I bought so many banks when it was end of the world ... NAB I ended up with a lot of ... As it rose ... I reduced and by rise I mean a rise above $28- ----- this year the doomsayers selling at lows are out for Westpac. Same rules ,,, different year ... different bank but identical or close to enters and exits. NAB went from below $24= to $30 ish . I am always amazed when the value, underlying value of stock represented by the price falls and people should be more enthused, more bullish .... retail types are the opposite and actually buy at the peaks and sell at the lows. Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows. Yes of course the industry has been paying too much i n dividends and that Australia is implementing capital requirements the USA and EU will unlikely enforce till 2024 and beyond ... this has very clearly has already been taken into account with the actual price. Instead of rising with inflation and GDP growth and underlying profit rises, we are essentially reflecting the new normal of much more capital being held to protect depositors. Suggesting some new bitcoin or other medium will replace banks is absurd in the extreme. If it were to occur, which of course is a maybe, the same security and capital reserve requirements would be insisted upon as actual banks. Since these tin bit computer generated coins have no underlying value and no reserves and 17 odd billion has been stolen in 2019 so far, I for one think its unlikely I will be seeing there emergence anytime soon. Buy high ... sell low ... brilliant .... be bullish at the peaks ... and bearish at the lows. Are we near the low or high ? [/QUOTE]

Verification