Will re enter for sure next week and I was planning to hold and put more long but the market action in general and what may happen in the US tonight and over the weekend made me change my mind.
I see a great opportunity in WBC and other banks and analysts are worried about their margin and RC.......and ironically what the RC is trying to do and help the public, have contributed to a situation where the sentiment on banking sector became negative.......but hey all they need to do is just raise their rates to protect their profit and their share holders and the public will pay for this and the more RC creates damage the higher the rates are going.
Good opportunity for us was created by the Royal Commission.....LOL !!!
WBC Price at posting:
$28.54 Sentiment: Buy Disclosure: Not Held
(20min delay)
