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Thread: Bank stocks

  1. #131
    Legend peat's Avatar
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    yes I should disclaim
    I bought a small parcel of WBC using CFD's on the Covid way down at 23. Been hurting quite a bit but not selling a Pillar at a loss.
    Might buy more at 13 but otherwise I'm just keeping an eye on things as part of a broadening into Aussie stocks

    I did short the SPDR S+P Bank ETF for two weeks from 2/5 to 16/5 covering off some of the fall though the commission on those trades was high.

    I simply cant ignore the sector given its capitalisation total.
    For clarity, nothing I say is advice....

  2. #132
    ShareTrader Legend bull....'s Avatar
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    Dangerously naive': APRA warns the worst is ahead


    In a speech delivered overnight to the Board of the International Banking Federation, Mr Byres also urged lenders to give investors and shareholders as much information as possible to maintain investor faith in the banking sector and financial markets

    https://www.afr.com/companies/financ...0200527-p54x0b

    anyway after todays pop open looks like intraday over extended , nice fade?
    one step ahead of the herd

  3. #133
    ShareTrader Legend bull....'s Avatar
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    the pop and fade seems to working at the moment
    one step ahead of the herd

  4. #134
    ShareTrader Legend bull....'s Avatar
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    have to decide do i take profits on the fade today or do i wait and see trumps announcement tonight affects markets for monday
    one step ahead of the herd

  5. #135
    ShareTrader Legend bull....'s Avatar
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    sometimes a good strategy is to take half the profits on the short and ride the rest esp if going for more based on a news event
    one step ahead of the herd

  6. #136
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    Quote Originally Posted by bull.... View Post
    sometimes a good strategy is to take half the profits on the short and ride the rest esp if going for more based on a news event
    Do you take your own advice?


  7. #137
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by macduffy View Post
    Do you take your own advice?

    of course it helps to become more self reliant and confident in your trading
    one step ahead of the herd

  8. #138
    ShareTrader Legend bull....'s Avatar
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    gap down open was good spot to close the short , almost the reverse senario of the other days gap up and fade
    one step ahead of the herd

  9. #139
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  10. #140
    The Kid
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    Regulator takes action against ANZ for insurance that offered no cover lol.

    https://www.nzherald.co.nz/business/...ectid=12337416

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