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Community


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Online Share Trading

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Good time to buy?

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Frequent Contributor
What are your views on banks in general and SBK? Surely at current price it should be quite a bargain? Maybe Im missing something important?
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9 REPLIES 9
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Super Contributor
already 30000shares being offered below year low. Maybe wait a while. Looks like its going to get cheaper.
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Contributor
just put in a bid at 84,have i got a chance
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Frequent Contributor
That is interesting. Thank you. Where do you see those offers to buy/sell? Do you use price streamer? Maybe other 3rd party sites/apps?
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Super Contributor
Yes I use price streamer.Down to R86 currently.
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Occasional Contributor
I don't think you are missing anything. The banking stocks have got to be winners. I can't see the PE's winding (as opposed to unwinding).
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Frequent Contributor
of course, these are bargains in everysense of the game. am not sure they have got to the bottoms, you will probably getting them cheaper.
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Super Contributor
I using the opportunity to buy every dip that comes along. If we are wrong at least both of us will be in trouble. Hear a lot of people punting Firstrand. I myself also like Standard Bank. There was a string yesterday were Simon explained the effects of the Chinese deal. Low down is its getting more of a reality that 11% of your shares will be sold for R139 in the future. So theres at least R52 rand value on 11 % of the share.
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Frequent Contributor
But if all the banks are currently down, would this deal still have such a big effect on the SBK price? Maybe that would be the turn-around for the bank shares in general?
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Super Contributor
Why go long into a down trend? Wait, patience a time will come to go long maybe tomorrow but not today. Wait for a reversal chart pattern it will come but when who knows?.
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