Anyone buying banks yet?

[Quant]

After timing if I've ever seen it. In and out already for profit on 5 banks. Thanks though for actually adding something constructive, albeit after the event.

I reckon your all wind , if your daytrading what the hell has fundamental news got with anything . I say you didn't trade these 5 banks at all . Easy to prove me wrong .


""
Anyone looking at buying the banks yet? "Levy" to be passed on to consumers through fees so shouldn't hurt them too much should it? Guess the lending market has tightened up though so growth in that space will be tougher for them. ""

 

[rb250660]

Let's see the confirmation notes to prove Quant right or wrong...

 

[lukeamac]

It's *you're

I don't need to prove anything to anyone. Still organising a cheaper broker as all I had was E-Trade but since researching here found out about IN etc which are cheaper.

In the meantime just dipped my toe in with Plus500 http://imgur.com/a/NgQoz

Cheers Luke

 

[Quant]

It's *you're

I don't need to prove anything to anyone. Still organising a cheaper broker as all I had was E-Trade but since researching here found out about IN etc which are cheaper.

In the meantime just dipped my toe in with Plus500 http://imgur.com/a/NgQoz

Cheers Luke

Ok Kudos you did trade it so I was wrong there although your broker made as much money as you did so I'm a little perplexed why the hyperbole , anyway the point I was making is your original post was along the lines of a position trade not a 2 hour daytrade , I can tell you now news is next to useless intra trading banks . Your green-ness is evident , I suggest you look at trading spi/xjo/aus200 intraday , way more bang for buck ... good luck

 

[lukeamac]

Ok Kudos you did trade it so I was wrong there although your broker made as much money as you did so I'm a little perplexed why the hyperbole , anyway the point I was making is your original post was along the lines of a position trade not a 2 hour daytrade , I can tell you now news is next to useless intra trading banks . Your green-ness is evident , I suggest you look at trading spi/xjo/aus200 intraday , way more bang for buck ... good luck

Cheers for the suggestion will look into it. All new to me, but am having a crack, sure my jargon isn't spot on yet either.

 

[IrishDigger]

I hold 6 different LIC's, all of whom hold the big banks plus a couple of regionals and I will leave it up to them as to what they do with their respective bank stocks.

 

[Quant]

And here we are a few days later , not looking that rosy .


\

 

[DwayneBuzzell]

Newbie here so go easy on me if my line of thinking is flawed as this thread develops.

Anyone looking at buying the banks yet? "Levy" to be passed on to consumers through fees so shouldn't hurt them too much should it? Guess the lending market has tightened up though so growth in that space will be tougher for them.

Cheers Luke

Landing on the bulls market is not favorable for me.Looking for more fundamental factors to see a strong bullish rally in the market.But things might shot up at any time in the market.

 

[Quant]

Credit ratings agency Standard & Poors has cut the ratings of 23 Australian financial institutions

Headwinds continue to build



https://www.businessinsider.com.au/...operty-market-risk-2017-5#SGIsp7L4S5Xzbytj.99

 

[WRiley]

Headwinds allow us to go in cheap,... no headwinds means no chance to buy at wonderful prices,... only thing is : how to catch the near-bottom,....

 

[Porper]

It doesn't look great for the Banking Sector to me. There is an outside chance of heading up to all-time highs before the next major leg down but unlikely. The corrective pattern higher looks to have terminated into wave (B).

I am short BEN.

 

[Quant]

Now below early feb swing lows ... headwinds continue

 

[Quant]

given the XFJ to XJO ratio absolutely no surprise in rotation out of banks , the ' news ' may have accelerated it but it was going to happen regardless

 

[Quant]

Basel 4


http://www.afr.com/business/banking...gn_code=nocode&promote_channel=social_twitter

 

[Quant]

Watch this space , I feel the swing low on banks during 2017 is still a way of . CR would seem imminent

http://www.heraldsun.com.au/busines...r/news-story/c841235eafda5eddd1d45d31ba6ef4ba

 

[luutzu]

I'd probably stay the heck away from banks until after the coming crash.

 

[WRiley]

The 10-year once crash ??

 

[luutzu]

The 10-year once crash ??

Could be a once in a century crash. At least for Australia anyway.

Property is going to be corrected by 50% I reckon. Maybe even more.

Went with my dad a couple of days ago to Austral to look at some timber slabs. It's a little over an hour's drive from Sydney's CBD, about half an hour from where properties are selling for an average of $800k to $1.2m for a run down 80 year old cladding.

Half an hour away, the place is practically empty. Yet somehow we think that land in Australia is so scarce we deserved to be the world's second most expensive property market - behind Hong Kong.

 

[Mr ABC]

I’m a fairly long term buy and hold guy.

Case for banks:
- Oligopoly market structure.
- Franking credits
- DRP reinvestment option
- High yield
- To big to fail
- Good substitutes for direct property exposure and possible cash deposit alternative.
- Few other options on the all ords/ marrow market options.
- Historically low price

Case against:
- Subject to high degree of reputational risk
- Dividend may not be sustainable in a property market crash event
- Structuraly exposed sector. Technology may disrupt. Not much product innovation, shedding business units
- Look like a value trap.
- Effectively government controlled via regulation.

As the banks dip in price, so goes the average stock portfolio down as they tend to be weighted heavily towards banks. I think risk control through exposure and position sizing in ones portfolio is prudent.

Using the DRP may help increase the number of holding units and offset capital loss. In the past this has helped me zag more on a rebound in share prices.

 

[Knobby22]

I’m a fairly long term buy and hold guy.

Case for banks:
- Oligopoly market structure.
- Franking credits
- DRP reinvestment option
- High yield
- To big to fail
- Good substitutes for direct property exposure and possible cash deposit alternative.
- Few other options on the all ords/ marrow market options.
- Historically low price

Case against:
- Subject to high degree of reputational risk
- Dividend may not be sustainable in a property market crash event
- Structuraly exposed sector. Technology may disrupt. Not much product innovation, shedding business units
- Look like a value trap.
- Effectively government controlled via regulation.

As the banks dip in price, so goes the average stock portfolio down as they tend to be weighted heavily towards banks. I think risk control through exposure and position sizing in ones portfolio is prudent.

Using the DRP may help increase the number of holding units and offset capital loss. In the past this has helped me zag more on a rebound in share prices.

I think technology disruption by organisations such as Google is likely. I only own a small amount of one bank and that's Bendigo Bank as it has the possibility to grow faster than the big banks as technology costs fall.