I wonder why our banks got so hammered today? The financial sector did ok last night in the US. Even Fannie Mae went up 9% after reporting a loss! So things could not be that bad!
Maybe the drop is is a ramp job by the big guys (eg DB) so that they can load up cheap before our banks report their numbers? (They have a habit of doing that you know!)
I'm not a chartist but I still think our banks are in a uptrend and they are now on the lower trend line. Maybe its time to buy banks and hold on for a short term gain?
why is the stock price dropping, page-7
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Last
$209.75 |
Change
1.300(0.62%) |
Mkt cap ! $80.05B | |||
| Open | High | Low | Value | Volume |
| $210.01 | $211.22 | $207.90 | $199.2M | 976.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1453 | $208.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $209.75 | 64 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |