NAB - National Australia Bank

[burglar]

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?

Hi tinhat,

Short answer is I will keep them on my short list.

I remember why I bought them.

a.) To start a revenue (dividend) stream.

When I saw them climbing, climbing, (today especially) I thought it can't last.
A Capital Gain of 12% after brokerage and after tax, in the hand, today!
That has got to be better than 3.6% in May/June.


b.) To counter my portfolio destroying habit .... gambling!

Oh well, back to square one.

 

[burglar]

... do you think its had its main dash for now?

I don't have a clue if has or hasn't had its main dash!
Still awaiting outcome of UK Operations.
A turnaround or a sale could make all the difference.

I bet Mr. Market it wouldn't go through $28 today and I lost that bet, ...

Somewhere, I read that the bull run will run out of steam.
Elsewhere, I read that it would take quite an effort to stop this bull run!

So probably an error to sell so soon!
Patience was never my strong suit.

 

[stevier95]

http://www.smh.com.au/business/earn...high-as-outlook-brightens-20130207-2dznu.html

Finally starting to look up.
At a 2 year high and fairly decent results.

 

[ecnalb]

To late to get on this one you guys think?

Its been on a watch list of mine for 3 weeks now and has risen 6% in that time.

 

[skyQuake]

Fair few rejections of the highs so far. Think this is the bank to sell if any.

 

[Garpal Gumnut]

Fair few rejections of the highs so far. Think this is the bank to sell if any.

My gut tells me you are correct, but the chart indicates little mood for selling atm.

It has gone up 17% in 1 month.

A small volume rejection of the high $29's on Friday leaves me wondering.

gg

 

[stevier95]

Broken the $30 barrier for the first time since late 2009.

 

[ecnalb]

Anyone going in with the CPS offer?

 

[chops_a_must]

In today.

It has been explained elsewhere that the financial index has been in a w4.

NAB and BEN have the best set ups from here. A break on good volume. Targeting 35 to 37, which lines up with resistance.

Cheers.

 

[tinhat]

In today.

It has been explained elsewhere that the financial index has been in a w4.

Where/when was this said and why wasn't I told about the meeting?

NAB and BEN have the best set ups from here. A break on good volume. Targeting 35 to 37, which lines up with resistance.

What resistance does 35 to 37 line up to on a chart?

Cheers.

A good evening to you Sir.

 

[chops_a_must]

Where/when was this said and why wasn't I told about the meeting?



What resistance does 35 to 37 line up to on a chart?



A good evening to you Sir.

1. I don't think I'm allowed to mention the name.

But:
[video]http://m.youtube.com/watch?v=cBZEnLssgFw[/video]


2. You can see the resistance in that area from 06 through 08 in the below chart

3. And to you as well hep cat.

 

[Poonam]

NAB half yearly report out this week - Thursday. The stock fell 20 cents or so today. Any correlation at all?

 

[tinhat]

1. I don't think I'm allowed to mention the name.

But:
[video]http://m.youtube.com/watch?v=cBZEnLssgFw[/video]


2. You can see the resistance in that area from 06 through 08 in the below chartView attachment 51913

3. And to you as well hep cat.

Not that I have any t/a expertise (quite the opposite) but I can't see any strong support/resistance at 37-38. It had a bit of a pause on the way up between 30-32 and I guess it will have to pause again at some stage.

 

[Ann]

Not that I have any t/a expertise (quite the opposite) but I can't see any strong support/resistance at 37-38. It had a bit of a pause on the way up between 30-32 and I guess it will have to pause again at some stage.

I can see it Tinhat but IMO it is a bit rubbery and am not surprised you found it hard to see. Let me show you with a bit of a close up of that time on the chart.

 

[stevier95]

NAB currently trading at a 52 week high.
Fair to say its leading the big 4 at the moment?

 

[oldblue]

NAB currently trading at a 52 week high.
Fair to say its leading the big 4 at the moment?

Indeed.

FWIW, Macquaries have it as their preferred bank exposure - at present!

 

[stevier95]

Interesting article in todays paper:

Mr Healy said that in the past two to three years many businesses had lacked the confidence to invest because of the uncertain environment, and in the lead-up to the election many people had opted to sit on their hands.

Now, with a majority government in place, he said firms were revisiting expansion plans including merger and acquisition opportunities.

Read more: http://www.theage.com.au/business/b...-result-nab-20130924-2uc79.html#ixzz2fsh1vfAY

 

[tinhat]

Indeed.

FWIW, Macquaries have it as their preferred bank exposure - at present!

It is my preferred bank exposure too - it just seemed to have the most upside potential a few months ago. The SMSF sold out of CBA entirely and put it into NAB (much smaller exposure). Portfolio also has small holdings of ANZ and CBA as long term holdings.

 

[Julia]

It is my preferred bank exposure too - it just seemed to have the most upside potential a few months ago. The SMSF sold out of CBA entirely and put it into NAB (much smaller exposure).

I did similarly. Also bought relatively small parcel of BOQ which is doing pretty well.

 

[fleetz]

Why did NAB stock get flogged today after such a positive final year report? Don't get it?