aud will dive, page-7

I will put these two post up from cheech from the other day ,that way you have the whole story in context ,

Now all we need to know is which bank to short and when -if the story gets out ??
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Subject re: chart nab,cheech
Posted 13/01/04 9:33:02 PM - 126 reads
Posted by cheech
Post #214941 - in reply to msg. #214919

The problem with charts and technical analysis which although useful if the inputs can be relied on 100% is that unless the fundamentals (policy, management personnel and their track record, other factors such as government fiscal and monetary policy in this case) does not support the technical analysis, you do not have 'a line of best fit' and are better off with a scattergtraph approach to the analysis.

My comments are based on analysis supported by internal information and accurate records and economic information that simply did not support the PR that has been coming out of banks and Saul Eslake or the government on the economy and the prosperity brought about by low interest rates.

The three banks mentioned are heavily tilted to high risk loans exposure and collections are at an all time high with the larger law firms reporting record activity in the area brought about by falling jobs, retrenchments not made public and high gearing borrowing which has recently seen casualties from small movements in interest rates upwards.








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Subject nab, anz and comm
Posted 13/01/04 7:26:28 PM - 146 reads
Posted by cheech
Post #214858 - start of thread

The warning I posted earlier on the volatility of these company's position in relation to their over exposure to the housing market is comming home to root. Did I hear the NAB say $100 million only. Phooey!! what tripe.

The problems here lie with the reluctance of the regulators from APRA, The reserve Bank, ASIC and the ASX to quesiton them to the point of eliciting a scream with the truth. A yepl alone does no good.

Categorically I will state that over $4 billion of the US is in jeopardy. Thats four billion.

Wth the ANZ and Commonwealth lets double the figure to get the picture. It is Huuuuge!!!!