BANKS

[#1]

After the interest rate hike yesterday,will banks be on the positive note today?

[#2]

no they will be clobbered!

[Zirk]

Barry/Preston help. Banks generally take a hammering when rate goes up but also strenghten when Rand strenghtens.OMO. How do you see this playing out in the next few days? Banks were generally up as of yesterday, Stochastic overbought etc.

[#4]

Clobbered,I think then is not right time to do a bottom fishing.

[barry_1]

I'll buy at the lows after a few days,especially NED,ASA and even SBK will present value.Look at my latest posting under NED by CHATTY- CHAT today.

[Preston]

Zirk. expect a drop (but not much). Once the market digest the interest rate decision, the bank stocks will rally. On the positive note, imagine what the benefit will be for the Banking sector if TITO start to decrease interest rate in the future. Buy and hold for the long term. remember RMH share is drop by 80c on Monday due to ex-div.

[Zirk]

Thanks guys, appreciate your wisdom. I will make my call mon/tue.