Sometimes good to isolate from the noise. More importantly however , from your own biases. i thought id post something away from "wbc going to hell" and SP will be "$10 going by my chart" or waiting for $15 etc. I think we will see further drops and i hope @surfwatch you get it at $15 as i feel at least one more decent correction moving forward. However something else has been happening slowly that perhaps some may have not noticed. Early on during the crisis, WBC ,already wounded by scandal and reg issues, etc , was severely beat down compared to ANZ and NAB leading to a sizable gap in SP diference and volumes when driven lower .. This for WBC indicated a loss and lack of confidence in the stock with larger drops in SP on higher volumes each time bad news hit.(compared to anz & nab)... more recently however WBC has been clawing its way back and is approaching par with NAB which is now seeing larger SP drops on larger volumes than WBC. ANZ recently also dropping in higher volumes than wbc. Its looking like confidence coming back IN to WBC. The "quality" of WBCs loan book resi and commercial is superior to the other 3. This should reduce any default ratio.
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