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Online Share Trading

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Banks. Having a good day

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platsak
Super Contributor
See Financials are having a good day. Can it be that the market is maybe pricing the possibility that Tito wont punish us again in August?
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43 REPLIES 43
pirates
Contributor
they having a great day,i only have financials so i hope they can hold onto these gains and its not a flash in the pan
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asylum
Super Contributor
Ja thats due to the investec report about the inflation figures being over inflated.
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SimonPB
Valued Contributor
an ugly retail sales data, again suggestign maybe no rate increase in august.
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Russ
Super Contributor
lol.In this case bad news is good news.
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Not applicable
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divz
Super Contributor
I only have banks, construction and retailers and they are all green for once what a difference it makes to your mood im actually being nice to everyone today.
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BRE
Regular Contributor
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Wizard
Super Contributor
Don't wanna spoil your mood...Take profits from this rally, go on a holiday and come back next year and invest at half the current prices. ;)
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divz
Super Contributor
Tempted Wizard. But there seems to be really good volumes and a shift out of resources.Oil a little down and speculation of no further rate hikes could actually trigger these sectors
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Wizard
Super Contributor
That's what the rally is about...longer term the DOW is in a Bear market and that is what the banks will follow
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pirates
Contributor
only one way up for banks now ,will be double in 12 mths time
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Wizard
Super Contributor
Every time there is a little rally and those predictions come out...
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Not applicable
lets hope this continues ......
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Not applicable
Wonder if Investec will be selling bank shares tomorrow
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louisg
Super Contributor
Wizard, what are you shorting then?
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barry_1
Super Contributor
Funnily (not ha ha ) i bought FSR last week as i felt it was the only share coming up to its final.Banks have had a rough time on local interest rates as well as regulations.A great many people are wondering how the ALSI can go down and banks and property up.The final catylist of course is the interest rates muddle.Well now the question is how long can banks continue going up....Methinks until their PE Ratios are on a par with the rest of the large caps ,some where around a PE of 14,then they will behave the same as the rest of the market.
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louisg
Super Contributor
Barry, what time frame do expect that the banks will more than double in price?
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barry_1
Super Contributor
gee u keep me on my toes,with difficult questions!....it will depend of course on wether Tito buys Investec's version,then i think it will occur rather quicker than we think,perhaps a couple of months to reach parity otherwise it could take the entire summer to catch up to the rest of the market.Remember that the banks wont have to double their PE ratio the way things are going as the Resources and other shares are getting cheaper by the day and are likely to come down to the banks level much sooner.Then the market is more likely to move as a whole.i see a fairly long recession in the States.
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Wizard
Super Contributor
I'm not shorting anything right now. That turn around was never far away...
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