What a terrible thing??? An Australian business that is successful is being bought up in bulk by overseas investors??? why don’t we bag the googles/microsofts/ Jp Morgan’s/ Bank of America. They are screwing the world as well. Shit imagine if we didn’t have the internet?? You would not be able to sit in your little dark room by yourself banging away on you keyboard SMASHING the big bad banks for MAKING money. I for one as a long time holder laugh as this goes higher, Because guess what if you have sold out over the last 6 months you have had to both pay capital gains AND watch the price rise another 30%. Sux to be you.If you are a shorter it needs to come down doesn’t it???? Let’s just say for shits and giggles this thing runs to $140+ a lot of shorters/hedgefunds/etf fund managers/ sad previous loyal shareholders are going to be forced to buy back into a ever contracting number of free float shares for sale. At this point pretty much ALL fund managers in Aussie are MASSIVELY underweight banks. Guess what happens when everyone is on a sure thing??? Oversea investment in our CBA is currently over 30% and growing daily. What do they know that we don’t. The widow maker is back at work, only this time it’s people silly enough to have sold since it hit $100+ watching from the sidelines!!!! PS I know this needs to correct but let’s assume it runs to $140 and corrects (shit let’s call it 15%)that still prices it at $120. If I had sold I would personally be kicking myself.
CBA Price at posting:
$132.44 Sentiment: Hold 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)