jesus I'll be dead in 20-30 years
lol of course im not suggesting losses over a 20-30 year time frames
hands up who wants to wait that long!
I think BnH had a good idea if I remember correct , his next buy was at 13, my view is that staggered buys from about 13 where you just accumulate regularly for the longer term might work, IMO 17.90 is a terrible buy in price
my base assumption is the credit crisis is far from over and that ANZ is correlated with the overall banking down trend
ANZ is hostage to this trend and hostage to a deteriorating Aust/NZ outlook, plus they have the mono line exposure I harp about
banks manufacture credit, the debt pool is full , credit cant expand if incomes cant afford to borrow, thats what they call debt deflation, assets cannot rise because folks the community is at its maximum debt capacity
folks are going to need energy way before the need anymore debt, folks will buy food before they will go into further debt to buy a house, Chinas going to need lots of coal and iron ore before it needs any debt form the likes of ANZ
there demand for what ANZ sells (credit) is in free fall
folks who are expecting an ANZ recovery simply dont understand the credit crisis, the US financial system is in mid collapse and folks are saying buy?
its not doom and gloom the patient died on the way it getting way past doom and gloom, all these folk talk about buying in pessimism, folks you have no idea what pessimism is yet, we are half way through this
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realistically folks where are we at, page-28
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Last
$29.60 |
Change
0.260(0.89%) |
Mkt cap ! $89.07B |
Open | High | Low | Value | Volume |
$29.49 | $29.73 | $29.30 | $111.6M | 3.774M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1146 | $29.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.61 | 30857 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1146 | 29.600 |
1 | 1000 | 29.530 |
1 | 300 | 29.450 |
1 | 340 | 29.400 |
1 | 150 | 29.350 |
Price($) | Vol. | No. |
---|---|---|
29.630 | 5000 | 1 |
29.640 | 500 | 1 |
29.650 | 990 | 2 |
29.670 | 4250 | 3 |
29.690 | 125 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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