WBC 0.33% $26.79 westpac banking corporation

Didn't I hear that computer s(t)ocks always stay up?Seriously, I...

  1. 203 Posts.
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    Didn't I hear that computer s(t)ocks always stay up?

    Seriously, I sold down at this peak to nominal holding levels. I expect I will be able to buy in at a lot lower level as the credit cycle deteriorates over the next 12-18 months. It takes that long for the bad debts (company - not individual) to come up and be dealt with (work around, restructure and write-offs). What we are seeing with building companies and some retailers (eg Godfreys and Body Shop) is only early stages.

    And, yes, I was one of the mugs that bought some at $30 but bought a lot more at $16.47 during covid. I will recover my losses one day.
 
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