1. Most Discussed
  2. Gainers & Losers

Quite a day

  1. redabyss

    1,383 posts.
    Anyone who decided to trade the banks today either made a heap twice over or lost a heap once over.

    After seeming pretty strong a.m. and tempting those of us not really set up for daytrading to stick a toe in the water, the guts promptly dropped out of the banks after 2pm The slide was so spectacular I didnt even bother to dump. Everything went all the way down to support, including NAB that hadnt reached it yesterday, in a 3% slide. Then they rocketed back around 40c in the opposite direction in a very pickable rally, if you were game.

    My feeling is that we just saw the bank lows for awhile, after that spectacular capitulation.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.