NAB - National Australia Bank

[Garpal Gumnut]

I'd be watching for the next high volume bar, above 10m shares traded, and examining it carefully, for direction on this stock.

gg

 

[burglar]

I'd be watching for the next high volume bar, above 10m shares traded, and examining it carefully, for direction on this stock.

gg

I squint at your chart, and I see that it is rising!

:

 

[Garpal Gumnut]

I squint at your chart, and I see that it is rising!

:

I too rise sometimes, a little, but subsequently don't perform.

I would be watching for a big sudden rise in volume. Over 10m.

Then watch the bar on that day and following, for direction.

The RSI is seriously overbought presently.

Compare it to the RSI in early November when it was oversold.

And remember, the brokers are saying " buy " , " reluctantly ", covering their pristine arses.

A sure sign the instos are selling to the punters.

gg

 

[burglar]

I too rise sometimes, a little, but subsequently don't perform.

I would be watching for a big sudden rise in volume. Over 10m.

Then watch the bar on that day and following, for direction.

The RSI is seriously overbought presently.

Compare it to the RSI in early November when it was oversold.

And remember, the brokers are saying " buy " , " reluctantly ", covering their pristine arses.

A sure sign the instos are selling to the punters.

gg

I make it 115 trading days (give or take) to Divvie day!
I may hold in faith, while I squint at the chart.

Meanwhile, I will continuously review!

 

[sydboy007]

here's to no further scares from the UK and a nice rerating of the shares. looking forward to the may dividend.

the share price has taken off since some fund managers have advised to rotate out of CBA since it's gotten quite expensive and move into NAB.

 

[stevier95]

here's to no further scares from the UK and a nice rerating of the shares. looking forward to the may dividend.

the share price has taken off since some fund managers have advised to rotate out of CBA since it's gotten quite expensive and move into NAB.

About time! Been holding with crossed fingers since 2008, albeit picking up some nice divvies along the way.

 

[stevier95]

Santander mulls $3b bid for NAB's UK banks: report

Read more: http://www.smh.com.au/business/bank...anks-report-20130121-2d1vy.html#ixzz2IYufPMRt

 

[burglar]

Santander mulls $3b bid for NAB's UK banks: report

Read more: http://www.smh.com.au/business/bank...anks-report-20130121-2d1vy.html#ixzz2IYufPMRt

A nice run todate:

 

[burglar]

... above 10m shares traded, ...

Today: 9,948,259 traded.

 

[Garpal Gumnut]

Today: 9,948,259 traded.

It looks good but looking at the bars since Xmas, it has some of the features of a bull trap.

The big boys are back from holidays next week.

We will see.

You could be correct in your analysis. More volume and bullish bars and I'll be in.

Not yet though.

In retrospect that first bar in the chart below was the best entry point, high volume, desperate sellers, and opportunistic buyers.

gg

 

[tinhat]

yep yep. Put a buy order in over the weekend then cancelled it before I went to bed on Sunday night. Certainly the laggard of the big four in terms of price to dividend. I don't know if there are any others here like me that are just big time exposed to the banks right now. I'm waiting for the pull-back but if I buy I might just ride for a capital gain (even though I am 75% an income investor) - I'm incredibly exposed to bank shares.

 

[stevier95]

NAB shares fall after Santander denies interest

Read more: http://www.smh.com.au/business/nab-...es-interest-20130122-2d3rd.html#ixzz2If8yrz84

 

[burglar]

I'd be watching for the next high volume bar, above 10m shares traded, and examining it carefully, for direction on this stock. ...

Traded today: 10,282,484

Public Holiday on Monday, so let's see what Tuesday brings.

Disclosure: Still holding, still squinting at the chart!!

 

[Garpal Gumnut]

Traded today: 10,282,484

Public Holiday on Monday, so let's see what Tuesday brings.

Disclosure: Still holding, still squinting at the chart!!

I must admit I choked on entering NAB above $27

I will watch this retracement, a very interesting stock technically.

I may hop on board if it bounces off previous resistance at $27.

gg

 

[tinhat]

I must admit I choked on entering NAB above $27

I will watch this retracement, a very interesting stock technically.

I may hop on board if it bounces off previous resistance at $27.

gg

I was chewing the fat with a mate about our respective SMSF portfolios this evening and checked to see that NAB is still yielding 6.6% before franking credits at today's close which is a good thing given that you could have bought it at today's price in 1999, 2000, 2001, 2004, 2005, 2008, 2009, 2010 and 2011.

 

[Garpal Gumnut]

I was chewing the fat with a mate about our respective SMSF portfolios this evening and checked to see that NAB is still yielding 6.6% before franking credits at today's close which is a good thing given that you could have bought it at today's price in 1999, 2000, 2001, 2004, 2005, 2008, 2009, 2010 and 2011.

Excellent conversation tinhat, maybe Macquarie should get you and your mate on the payroll!

A long term chart of NAB over 10 years.

I've never had it in my SMSF, I stick to WBC and CBA, no good reason.

I did have NAB in a margin account in 2010-2011 and though it looks insignificant on this chart it was very profitable for me with divvies and capital gain.

I'd be very interested in your opinion on NAB from here on.

gg

 

[tinhat]

Excellent conversation tinhat, maybe Macquarie should get you and your mate on the payroll!

A long term chart of NAB over 10 years.

I've never had it in my SMSF, I stick to WBC and CBA, no good reason.

I did have NAB in a margin account in 2010-2011 and though it looks insignificant on this chart it was very profitable for me with divvies and capital gain.

I'd be very interested in your opinion on NAB from here on.

gg

Are you really? I'm a pretty lousy tech analyst. It's on a run at the moment otherwise, as I said in another thread last week ANZ, TLS and NAB are all still buys if you are looking for dividends (before franking) of over 6%. As an income stock I think it is attractive. Given the flat earnings outlook for all the major banks in the medium term, I'm not sure how much further value is in the stock over the price it is at now. How high the price goes might be more a function of how much money flows into equities funds and how much money fund managers need to pour into market over the next few months and just how low a yield dividend seekers are willing to accept.

So in short - decent stock for income. Capital growth prospects not very exciting. Probably the most volatile share price of the big four. Could be good for short term tech trading. Fundamentals are sound but price appears to be at full value. Lowest PE of the big four but also lowest ROE. Dividend still a few months off - should go ex-div in June.

I ummed and ahhed about buying some NAB for yield when they were at $25. I sold my earlier holding of NAB at about $23 in 2010 and bought CBA and ANZ with the money about a year later.

For me, I'm interested in the banks for income but for trading I would find NAB to be a bit uninspiring.

 

[tinhat]

Correction. ANZ, CBA, TLS above should have been WBC, CBA, TLS.

 

[burglar]

... but for trading I would find NAB to be a bit uninspiring ...

12% in six weeks, I was inspired to take it off the table!

 

[tinhat]

12% in six weeks, I was inspired to take it off the table!

Thanks for updating us - I know you went bullish on it a few weeks ago. So, will you keep it on your watch list and wait for another short term trading opportunity if it pulls back or do you think its had its main dash for now?