Insider trading?
'NAB may tap US rescue fund to cut losses'
http://business.smh.com.au/business/nab-may-tap-us-rescue-fund-to-cut-losses-20080924-4n98.html
That may explain today's share price rise.
If NAB writes back to the balance sheet 50% of the $1B it provisioned recently that would have a big impact on the share price.
Another article refers to the future fund looking at buying australian bank stocks.
'Future Fund to stick with shares'
http://news.smh.com.au/business/future-fund-to-stick-with-shares-20080924-4n92.html
It should be another good day tomorrow. Someone suggested $35 by Xmas. He might be right.
cheers
Insider trading?'NAB may tap US rescue fund to cut...
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Last
$37.35 |
Change
0.410(1.11%) |
Mkt cap ! $114.8B | |||
| Open | High | Low | Value | Volume |
| $37.04 | $37.53 | $37.03 | $252.9M | 6.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13447 | $37.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.36 | 286 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| NAB (ASX) Chart |