I believe WBC profits will decline soon. SP will significantly fall over the next 2 years.
Ultimately they will need government assistance. If they don't get it, yes, they might collapse. "might"
I have a short position, modest one, but looking to increase position if the SP goes up to $30. Which is a real possibility.
And I don't really care if Westpac goes under. A 50 to 70% drop in SP will do me
I don't care what you do with your money or type on this forum. Couldn't care less.
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