CBA sell signals?

[macduffy]

But seriously, I think the call may have had something to do with the fact that the CBA has a $10,000 Share Purchase Plan at present. Closes tomorrow but I think the take up price is $26. Current SP allows a nice arbitrage, selling at $28 odd.

OK, SP is a little below $28 but there's still a profit there.

I understand that SPP shares can be taken up and paid through E-Pay but I'm not a CBA shareholder.

[herbert240]

What are the prospects for recovery in the next year or two or is time to cut losses and sell?

[peat]

If I had to make a call on CBA right now I would say there is a strong chance of a sharp recovery.
But you must do what your circumstances dictate.

[herbert240]

Thanks Peat