Whats up with SBK?

[asylum]

All major banks up over 3% sbk down .2% what gives.

[Douw]

Beats me. I got out of HAR into SBK and now SBK disappoints. Just shows.

[Pam_1]

Can't go wrong...go wrong...go wrong... Topping up a good company at bargain prices as we go along.

[#4]

SBK will see R90 before long. Don't be fooled by the return move bounce, that will be your opportunity to exit. Wait for at least R90 to get in, it could go even lower... but that's only my opinion.

[Stock11]

don't think so!

[divz]

Skippy can you qualify your opinion?

[Douw]

Maybe the China thing was not such a good idea after all. Somebody in there knows something we don't.

[#8]

Very nice head & shoulders pattern divz. Neckline broken and now we have a return move. I'm a technical trader and don't know much about valuations and stuff like that. I hear it's on a very low PE? Investec was on a low PE weeks ago, did it stop it from plummeting? I don't know how or what the reason will be, but technically SBK is pointing to a much lower target. Remember when I called WHL for R15 when it was at R18 or so? BIL too, Similar situation here... just remember that whatever you do, KEEP A STOP LOSS IN PLACE!

[Douw]

Skippy, lets hope the former R100 resistance remains current support. With my luck SBK will go to heaven if I exit now.

[divz]

Thanks Skippy it makes sense from a technical point of view. Yes is a low PE and SA got good bank report this week (from Moodys i think). For long term banks just seem very good value at this stage.

[Dr_Who]

Any bank with exposure to international asset backed securities, SIV's etc is in trouble right now. does anyone know if this applies to SBK? Thus far the SA banks seem to have weathered the storm fairly well.