I have a fairly large CBA holding (material to my other stocks anyway), picked up when the market overreacted/oversold in early 2020. Apparently, there was some pandemic that freaked investors out? Anyway, I'll be taking profits on half of my holding in the next days. I have a hunch that banks have further to fall as this Credit Suisse, SVB thing plays out.
There is no question that CBA is of course safe as houses as a long term stock, but that doesnt mean in the short term im not willing to take profits on it. The irrationability of the market needs to be factored in here, just like what happened when everyone dumped the banks in early 2020
CBA Price at posting:
$95.44 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)