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banks-ASA

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theyoungster
Super Contributor
y is this one rallying up, will it jump when dow opens later??
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6 REPLIES 6
theyoungster
Super Contributor
i mean not rallying up
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J_d_B
Contributor
yeah, been watching the SB ASA CF warrant. would be great to see what this does over the next week or so. Anyone got any advice on this?
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Not applicable
Yes. It is odd that ASA is the only bank that dropped today whilst all others jumped. Reasons anyone......??
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Not applicable
The volume is very thin on ASA, should rally sometime this week, we have American Express reporting earning this week, if they beat estimates banks should fair well until next reporting season.
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cfm
Super Contributor
Some analysts feel that Absa is overpaying for Woolworths financial services (http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=203989&sn=Detail). Could be that the market agrees or are unsure.
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asylum
Super Contributor
that was last weeks news, so thats old news.
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