WBC 1.69% $31.58 westpac banking corporation

technically speaking, page-18

  1. 24 Posts.
    Hi Crimpy and others,

    Sorry for being absent for a while. I covered for a small loss a few days ago. WBC does seem to have power in the bulls after all. Bugger.

    Nevermind, I hope this goes up further as it will just be a better short later. Even though it is starting to look toppy again now, I believe the risk is a little too high atm. The bulls may keep pushing for a while yet. It is actually the strength shown on the weekly chart that is concerning (something I didn't take any notice of before going short).
    My sentiment - HOLD, means Wait a while and see.

    Haven't done a lot or research into BEN yet but looking at the charts this one now looks like a bet to me (short). I am thinking (hoping) something like SP = $8.40 in a months time. I am always looking to short the banks when I can, it is a bit of a hedge against other trades and also a safety net (and profit) for when (if) the world goes tits up like the real situation around the world should suggest. A lot of ifs and buts and all IMHO.





 
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.