Bank share will go up after the long weekend!?!?

[#1]

it is a difficult time for bank share this week. But looks like it will go up again after the long-long weekend and recover the losts. What you guys think???

[Tom168]

yip!!! its a good way of thinking. Good luck, buy absa!!!!

[Shaun_Siddall]

Keep telling yourself that... Why because inflation has spiraled out of control interest rates are going to go up again... local property market is about to tank and commercial/industrial yeilds are changing very quickly.... I dont think so?

[#4]

I would have more confidence in your opinion if u had said losses. The 2 day trading week will b interesting. I,m looking for a good escape point. Banks will go lower

[Maggie]

a*****a, send me some of what you are smoking.....

[Shaun_Siddall]

Emergency rate hike feared.... http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2312465

[theyoungster]

k who is gonna short banks with me and make a packet??

[Tom168]

Remarks made by the Reserve Bank governor have caused concern that rates will be hiked earlier than expected They only expecting, a emergency meeting won't be held next week because the fact that there is only two working days and these guys in our government is so lazy...they would want a holiday. Secondly what if some news comes in and sais they won't hike the interest rate up for now then share prices will go up to fulfill the losses for the last couple of days. There is plenty of room to go up. Too bad if they really do have a meeting then share prices will drop abit more as we all got use to it already. not a big concern. I bought absa at 60 rand and nedbank around 70 rand...

[Shaun_Siddall]

Flip you have been hammered with ASA well below the average return on the JSE for the last 3.5 yrs (the last time the share was at R60 was sep 04).

[#10]

very true:-)

[Skyhawk]

agreed it all depends on how Tito and the gang feel, the week is to short for any gains, you will have to get in and out........risky!