CBA 2.39% $138.13 commonwealth bank of australia.

Is shorting this a no brainer?, page-1354

  1. 5,383 Posts.
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    There is no way CBA will fall to low 60s barring some sort of housing fall out and large impairment
    RC and Money scandal is over and we know what it cost and already factor in.

    Going forward it going to be higher cost of doing business depending on compliance process but that just get passed on to the customers

    It won't get back to 80s any time soon either it will be sitting here +/- a few bucks range
    someday It may go back to the new high but that day is a long way away.

    Best way to make money on banks is just trade the range it stuck in, when it hit a high of the range short, when it hit low of the range long
    and buy low and rides to XD day
    Last edited by ROEROC: 26/07/18
 
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