I think the drama is now over. Just wait for 17 Dec to see if the share price will improve. Then people can decide to participate in the buyback or not. I guess those who have enough cash to slowly accumulate more shares will win. The big mistake now is to buy too much too quickly. Some may think WBC at this price is a bargain but even if it is, it's important to go slow. Being a snail when you buy will be optimum. When Westpac finishes the buyback and announce the result and how many shares they cancel, that will give a boost. I will just slowly build up my position. I also find that it's useful to take profit now and then at the pops and buy back at the dips as any stock will be up and down during the recovery of the share price.
WBC Price at posting:
$22.55 Sentiment: None Disclosure: Held
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