I am a buyer today on margin...I firmly believe (and with some justification as a former insider), that CBA does not have the issues that NAB and ANZ has disclosed. If that is the case then they have been thrashed down with no reason. I expect there is some nervousness with their reporting coming up within a few weeks. But assuming that report is in line with previous public statements (and why wouldn't it?), then we should see a very solid result.
Nevertheless, the management there is sensible enough to recognise an opportunity when they see it and therefore I expect to see a level of conservatism in their provisioning....because they can, still without looking weak relative to peers.
regards
DF
why the sell down, page-7
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Last
$138.87 |
Change
0.300(0.22%) |
Mkt cap ! $232.7B | |||
| Open | High | Low | Value | Volume |
| $138.35 | $139.33 | $138.03 | $98.23M | 707.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 117 | $138.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $138.91 | 803 | 3 |
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| Last trade - 12.53pm 29/08/2024 (20 minute delay) ? |
| CBA (ASX) Chart |