rembrandt, page-4

re: yolande Hi Yolande ... was a disappointing result for the day given NAB was up $0.14 early in the session.

Sellers moved in mid morning tripping our stops and our exit.

Alan Kohler (ABC News) said the reason Banks (ANZ/CBA/NAB/SGB) were down was due to a report suggesting Banks in general would suffer profit downgrades due to projected weakness in the property sector.

The NAB rumour mill is working overtime and will be interesting to see whether CSFB's report has any substance. Next week will be interesting.

We heard a week ago that a 'good' report was imminent which is the reason I added to our LONG pozzie and posted on HC.

We have done well shorting NAB on the way down which was all rumour leading to our view that NAB is way oversold.

Also, don't forget the famous HC 'kiss of death' ... post a trade and it will kark it for sure ... just ask Crashy (aka Stelep7) ... lol

Cheers ... tight stops.


This is only my view ... read the red stuff.