Didn't I hear that computer s(t)ocks always stay up?
Seriously, I sold down at this peak to nominal holding levels. I expect I will be able to buy in at a lot lower level as the credit cycle deteriorates over the next 12-18 months. It takes that long for the bad debts (company - not individual) to come up and be dealt with (work around, restructure and write-offs). What we are seeing with building companies and some retailers (eg Godfreys and Body Shop) is only early stages.
And, yes, I was one of the mugs that bought some at $30 but bought a lot more at $16.47 during covid. I will recover my losses one day.
Westpac's $1,000,000,000 AUSTRAC Settlement?, page-541
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Last
$27.24 |
Change
-0.010(0.04%) |
Mkt cap ! $94.50B | |||
| Open | High | Low | Value | Volume |
| $27.25 | $27.27 | $27.00 | $327.6M | 12.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40377 | $27.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.25 | 76093 | 12 |
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| WBC (ASX) Chart |