A Dismal performance......

[barry_1]

....from ordinary commercial banks can be seen from my watch lists.The capital gain and loss is as follows.Since the15/12/05 ASA has a gain of 0.3%!!!; NED a gain of 2.7% and FSR a loss of -12% ...SBK from 25/5/06 has a gain of 19%......OVER a shorter period on another watchlist on 21/11/07 ASA shows a loss of-21%;FSR a loss of 30%;NED a loss of -19% and SBK a loss of-16%....I only give these figures as it s beginning to irk me that newbies keep asking when banks are going to turn round.With the overseas troubles,lack of good local goverance,Zim,Escom,the national credit act and the winter trading period i think we are still in for a rough time,unless u are a day trader of course ,then u might have a chance on extra shart trades.

[sk_1]

barry, you make me wheep!

[SimonPB]

barry, nice stats. I will use them on TeeVee tomorrow morning.

[DCTrader]

Haha... if I wrote the same thing barry, I'd be told by John and Simon that I've got a negative bias ;)

[SimonPB]

err, DC if you backed up your bias with hard facts ...

[JohnnyCash]

DIsmal indeed, thats why I see some commentators who's been punting Banks are starting to refer to a potential Value Trap where the share offer value but apart from daily up and downs ends close to zero over months and even years. Guess Banks are not heading for a value trap its been in a value trap for last 2 years on Barry's stats!

[DCTrader]

errr Simon... that isn't a backup... it's just hard facts available to every1 in the market. His future outlook is an opinion... as was mine. Because a coin has landed on heads the last 20 times out of 20... does that mean it will land on heads the next flip?

[barry_1]

Please tell me on which channel.Thanks.

[SimonPB]

barry - cnbc, 8.30am - 8.45am. Can't be sure I will get it in, but I have requested we chat about banks

[john_1]

Dont forget to touch up the lip gloss.

[Brazen]

Thanks for that barry - and just the reverse if you were lucky enough to hold Resi shares such as SOL or IMP. Of course, not the golds.

[john_1]

Yip Brazen, why don't you tell us what the returns on a long term hold on say,um,GFI would have yielded over the last year or so. PS Holding resouse shares in this market has nothing to do with luck!

[Yakah]

Quite fitting comment - pity about the tone...

[john_1]

I was just trying to get a Rise out of brazen..truth is, of any sector on the jSE. Gold Shares have been consistant underperformers. With diminishing marginal rate of return, no to little dividends and a ROE that is terrible beyond words. Gold shares should not be a part of any long term portfolio in my not so humble oppinion. Brazen knows how I feel about this, as we have discussed it many times in the past.

[barry_1]

Had a look,in general good programme,with trends(your slot)also topical shares discussed (eg DTC which i hold at the moment),every wanna be trader should watch this half hour programme as just pre-market on local shares....First time i've seen you,da cherry doin the questions aint bad te look at either!