I feel that we are now in new era when it comes to banking stocks. Once perceived as almost invulnerable and always a good investment, this is now no longer the case.
Poor management strategies by the bigger banks, and increasing competition from other sources will erode their position, and I along with many of my colleagues are now very bearish on these stocks. The NAB which has possibly the worst record of poor governance is typical and I see this stock falling back to levels not e
seen since the early ninties in time. There are some who think it's on the turn well look at your charts and get short it's looking at $23.80 and if it breaks this then below $20 is quite likely.
banks are not what they were!!
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 (20min delay)
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Last
$33.52 |
Change
-0.440(1.30%) |
Mkt cap ! $104.0B | |||
| Open | High | Low | Value | Volume |
| $33.99 | $34.00 | $33.48 | $128.9M | 3.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 397 | $33.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.56 | 935 | 1 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$33.55 |
Change
-0.440 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| $33.94 | $33.99 | $33.48 | 292593 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| NAB (ASX) Chart |