CBA is the OG widow maker, it certainly is due to come back towards the 200 Sma that's around $100 could get as low as 90-95 with some decent global event
but I guess what I'm saying is, with inflation and the other factors the new $80 for cba is $100 a $4 dividend on $100 is still an attractive prospect in the current market, CBA as a business is in a position to start paying bigger $ valued dividends or continue buy backs from here on in
the banks don't loose, buying puts or shorting cba can certainly be done to make money, but accumulating on crashes seems to be a better long term strategy - each to their own I guess - I'm just here for the dividends and have been for some time now - this is the best share on the asx to buy as a long when the market corrects or national global issues arise - I think it's easier to short the asx than cba individually as it is often a case of too big to fall and it doesn't always move with the miners and other banks
happy trading everyone
CBA Price at posting:
$107.50 Sentiment: Hold Disclosure: Held
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