CBA - Commonwealth Bank of Australia

stefan · 17 August 2004

CBA

Wow, what happened? I once predicted a pullback on CBA but I didn't really follow it. Down 3.6% today!

Happy trading

Stefan

GreatPig · 17 August 2004

Re: CBA

Stefan,

As I indicated in the reversal pattern thread yesterday, CBA seemed to have formed a double top. All it needed was a drop down through the support line at around $30.80 and that would be it.

Seems to have done that now, with the current price being $29.77.

Cheers,
GP

ghotib · 17 August 2004

Re: CBA

There were announcements on Friday (after the market closed?) that NTA for the last 4 years has been revised down. Would that start a selloff?

stefan · 17 August 2004

Re: CBA

I'd say investors are very cautious with banks after the NAB correction. The slightest hint of trouble leads to a selloff. Anyway, I guess it won't be all too bad for now. Depends on what follows...

stefan · 17 August 2004

Re: CBA

Well, as far as I can see, the reason for the pullback is that CBA has gone ex dividend. Didn't realize that earlier today. So just forget about it. Nothing bad had happened. They are paying $1.04 in dividend and so the stock has pulled back that much.

I therefore re initiate my short term buy for NAB as well...

Happy trading

Stefan

clowboy · 17 December 2004

CBA

Hey,

Any thoughts on CBA or the banking sector in general?

Bingo · 18 December 2004

Re: CBA

I think that the banking sector will find it hard to maintain its' profit growth. However, the yields are good and profit and dividends will still rise albeit at a slower rate, so unless interest rates have a significant rise they still seem to be excellent to hold. That is you receive a good fully franked dividend and a steady capital gain.

It is interesting to follow the paper reports. Not long ago it was all about the banking sector has had its day and it was time to sell. The bank share prices are up about 7% since then and now I read in the Financial Review to-day that bank shares may rise because as the weight of NCP reduces in the S&P the banks weights will increase and therefore the institutions will need to buy the banks to maintain their weights. This is obiously true of any sector other than NCP.

All in all I am holding and will continue to do so.

I hold ANZ,CBA,STG and WBC. I also hold the unlisted IMB (Illawarra Bld Soc).

Bingo

jyotirmoy · 20 June 2005

Re: Company or individual?

below are the links for the common wealth bank which has the
daily/week/month/quater behaviour
please do check

to have a clear image of the link go to view select text size and select largest
http://routeinfosys.com/ex/CBADAILY.jpg
DAILY AVERAGE LINE

http://routeinfosys.com/ex/CBAWEEK.jpg
BUY INDICATION SINCE 18 JAN 2004 AT 30.79$

http://routeinfosys.com/ex/CBAMONTH.jpg
MONTHELY LINE BEHAVIOUR AS TO WHERE THEY STAND I KNOW THE WORKING HOW LOW IT
CAN GO WHEN FALLS FROM THE HIGH

http://routeinfosys.com/ex/CBAMONTHEXCEL.jpg
MONTHELY AVERAGE BEHAVIOUR SINCE DAY ONE WHERE I KNOW LONG TERM BUY AND SELL

http://routeinfosys.com/ex/CBAQUATER.jpg
QUATER LINE BEHAVIOUR

RichKid · 20 June 2005

Re: Company or individual?

jyotirmoy said:
below are the links for the common wealth bank which has the
daily/week/month/quater behaviour
please do check

to have a clear image of the link go to view select text size and select largest
http://routeinfosys.com/ex/CBADAILY.jpg
DAILY AVERAGE LINE

http://routeinfosys.com/ex/CBAWEEK.jpg
BUY INDICATION SINCE 18 JAN 2004 AT 30.79$

http://routeinfosys.com/ex/CBAMONTH.jpg
MONTHELY LINE BEHAVIOUR AS TO WHERE THEY STAND I KNOW THE WORKING HOW LOW IT
CAN GO WHEN FALLS FROM THE HIGH

http://routeinfosys.com/ex/CBAMONTHEXCEL.jpg
MONTHELY AVERAGE BEHAVIOUR SINCE DAY ONE WHERE I KNOW LONG TERM BUY AND SELL

http://routeinfosys.com/ex/CBAQUATER.jpg
QUATER LINE BEHAVIOUR

Thanks for those links mate but I'm too thick to figure it all out, could you please explain it to me please? THanks!

dj_ajay · 27 June 2005

Re: CBA

I think you will be safe with CBA and ANZ.

DTM · 1 September 2005

Re: CBA

Took a trade on CBA with calls when it hit my support line yesterday and gave a nice 30 cents move at the end of the day. It doesn't look like a strong movement up so will look at getting out today.

DTM · 1 September 2005

Re: CBA

And sold out catching a 60 cents move. Gotta love the short term stuff.

Might miss more of an upmove but things are so choppy.

DTM · 1 September 2005

Re: CBA

Another view of CBA from a different chart.

CBA seems to have hit long term resistance of $37.75. Can it break through? I doubt it but will wait for tomorrow/next week to confirm this before going short on it.

Having problems posting the chart. Will do it later.

Julia · 1 September 2005

Re: CBA

I like the banks. As Bingo said, there's steady growth, good income and franking. I have ANZ, CBA, MBL, plus the smaller but nonetheless good yielding Bendigo Bank, Suncorp and Wide Bay.

Julia

Rockon2 · 1 September 2005

Re: CBA

DTM..

did the same trick with wbc today,, i'm happy

DTM · 1 September 2005

Re: CBA

Julia said:
I like the banks. As Bingo said, there's steady growth, good income and franking. I have ANZ, CBA, MBL, plus the smaller but nonetheless good yielding Bendigo Bank, Suncorp and Wide Bay.

Julia

Banks are looking toppy to me right now and won't be suprised if they drop a lot this month. It also feels like that banks have been rerated downwards by institutions the way some of them have been selling. :2twocents

DTM · 1 September 2005

Re: CBA

Rockon2 said:
DTM..

did the same trick with wbc today,, i'm happy

Well done, nice ranging movement there.

Kauri · 3 March 2007

Thought this was worth a short today...

Fab · 9 April 2007

I like the bank too specially using warrants as leverage. You get all the above mentioned plus leverage.
My only issue at the moment is that I have some CBAIM4 (macquarie issue) and even thought the dividend was due on the 05/04/07 it has not been paid to my account yet. How come an issuer can defer dividend payment, it is not the only time it happens to me with macquarie bank. ABN amro and other warrant issuer all pay on time

nevieboy · 10 April 2007

Fab said:
I like the bank too specially using warrants as leverage. You get all the above mentioned plus leverage.
My only issue at the moment is that I have some CBAIM4 (macquarie issue) and even thought the dividend was due on the 05/04/07 it has not been paid to my account yet. How come an issuer can defer dividend payment, it is not the only time it happens to me with macquarie bank. ABN amro and other warrant issuer all pay on time

Hi Fab.Did you receive your dividend payment yet?
I also am waiting. Nothing as yet.
Cheers Nevieboy.

CBA - Commonwealth Bank of Australia

stefan

GreatPig

Pigs In Space

ghotib

THIMKER

stefan

stefan

clowboy

Bingo

jyotirmoy

RichKid

PlanYourTrade > TradeYourPlan

dj_ajay

DTM

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DTM

DTM

Julia

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Rockon2

It's all about the Money!

DTM

DTM

Kauri

E/W Learner

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Fab

nevieboy

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