ctindale has made some very interesting posts, and the majority of the content has been sound.
ANZ are obviously hanging out to dry at the moment and there is a real chance of more writedowns and losses.
The difficulty therefore is when to enter a trade to make money.
Shorting will get more dangerous as the price declines.
There is massive support at $17.50-ish.
Their NTA is approx. $10.00 as at March 08.
I rate them a long term buy at the current prices.
It would be good to accumulate more below $18.
All 4 aussie banks have strong position, an almost monopolistic grasp on lending now and will ride out almost anything bar a complete meltdown.
Buy now for the long term and keep smiling.
ctindale has made some very interesting posts, and the majority...
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Last
$29.60 |
Change
0.260(0.89%) |
Mkt cap ! $89.07B | |||
| Open | High | Low | Value | Volume |
| $29.49 | $29.73 | $29.30 | $111.6M | 3.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1146 | $29.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.61 | 30857 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |