Chass,
I remain positive on the banks - my comparison is to the return on deposits which are pitiful. Buyers will return, especially overseas funds that have purged their holdings but decide to buy back when they believe the $A has bottomed.
Having said that, had I known NAB was going to fall back to $28 I would have gladly sold for $34.50 and paid the CGT bill whch would have arrived rather too soon. Having the chance to buy back so quickly at what are reasonable prices is a surprise. It may go lower yet though.
My focus is on longer term and dividends BUT it just goes to show you - losing the chance to book say $8.50 in capital gain to retain $1.80pa x 30/70 in franking can be false economy in these volatile times.
trading the banks, page-6
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Last
$36.92 |
Change
-0.690(1.83%) |
Mkt cap ! $113.8B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.29 | $36.88 | $75.91M | 2.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1753 | $36.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.93 | 1487 | 8 |
View Market Depth
| Last trade - 14.48pm 27/09/2024 (20 minute delay) ? |
| NAB (ASX) Chart |