If shorts can drive this to around $145 then will add to the LT holding. Unlike the retirees on this boards. Early 40's, I still have a couple of decades to go on accumulating more CBA.
At my current holding of 3,000 units at $29.046 holding cost. I'm getting a hefty 13.82% yield, close to 20% including franking. At around $145 - $136.55 (200 EMA) I can buy more and average up to around $60 and that is still enough fat for the vicissitudes of the market for the next 20 years. It is good to note that at $136.55 (200 EMA) lower range CBA still shows higher highs and higher lows; putting the positive trend quite intact. If CBA doesn't get to the $145 - $136.55 pricing range then happy to keep plenty of powder dry.
I really need more banking stocks in the portfolio. Portfolio is now overweight miners. I'm reluctant to add more to the materials of the portfolio. Even if I think that is where the value is (mining sector). I already went to town buying miners on a Christmas spree.
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