You simply don't get it do you, the argument here is you are calling the Banks a Sell at these prices vs most of us say they are absolutely compelling buying opportunities at these levels for those that have a medium 5-10 year timeframe.
So tell me, in 5 years time you absolutely believe NAB, ANZ & WBC will be at these levels or below and their dividends will be none or very little do you?
I'm not saying your overall strategy is wrong as if you've made money in other growth stocks that's great, what I am definately saying though is you will be 100% wrong on this call of the Big 4 and I am willing to bet you anything that in 5 years time they will be a lot higher than now.
WBC Price at posting:
$16.21 Sentiment: Buy Disclosure: Not Held
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