CBA 1.95% $118.37 commonwealth bank of australia.

$62 by end oct / mid november, page-8

  1. 2,558 Posts.
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    Agree and i dont suggest it will keep falling forever but i think it still has a bit to go before we see the bottom.


    I not so worried abt the RC as those things come and go and mrket has a great way of forgetting those kind of things pretty quickly but I am concerned about fundamental headwinds.


    if break 70 in meaningful way I think 65 or thereabouts would be next stop and then perhaps 60$ but around those levels and depending on overall conditions at the time I would consider buying its only 15% away and would mean roughly a 25% fall from 82(bg. of year) - not unreasonable when many (boq 13-10) have fallen more during the year  Not sure what the FPE would be then but might be a good time to dip the toe in,


    Of course this is my plan - may not get there but its a dynamic plan not set in stone. Not backing out I do c in low 60s at some point.



 
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