We are due for a sizeable correction. If you have not taken advantage of the high price & the market corrects, you have gained nothing. If CBA does not increase earnings substantially, which is problematic, the share price will come under pressure as the current yield of 3.1% is too low.
Would you invest money, without capital appreciation, at 3.1% when you can get 5.15% at call from a bank account?
The current capital appreciation is useless if you do not take advantage of it. If or when the share price falls the current high price would have meant nothing.
CBA Price at posting:
$149.36 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)