Australian (ASX) Stock Market Forum

NAB - National Australia Bank

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Re: NAB?

Wow, did that fly down....

What goes up, must come down.


Down as low as 26.58,
Luckyly common sense prevailed and I sold out (26.88), still retaining a nice profit.

No more NAB for me...
 
Re: NAB?

Oh my God..time to panic....I think I will need to realize a loss here. My NAB shares were obtained for something around $29.1...........all 4 of them ;D

I held about 140 NAB shares about two months during the dividends time and chose to take the DRP. In the meantime I got out of all my NAB holdings (only just broke even on them to be honest) and then I received my great dividends: 4 shares. :eek: So now I am stuck with 4 NAB for average price around $29. Anybody with a business mind here?

I mean can I even sell only 4 shares?
 
Re: NAB?

NAB on free fall over the last few minutes. No holding back on the seller side and close to no support on the buyer side... Interesting times indeed.
 
Re: NAB?

New to forum, been reading comments on NAB.

Month ago bought long on RIO & BHP which have been making record profits and they're going side ways at the moment.

NAB has been making losses all over the world. eg NIB (National Irish bank) reported a loss over $100m. Why would you go long. The $24 support is a long drop to take that chance.

NAB went side ways for six days, to shake out the buyers or sellers (sellers won). It's not all gloom and doom with the NAB. Sell short or buy into a company that knows how to profit. Come on $24
 
Re: NAB?

Stefan,

So what you're saying is it might be a while before it gets to $27.44? ;D

GP
 
Re: NAB?

As I was writing the last tag the Nab fell near 20 cents. I think buyers are romancing with the NAB, because its been a top stock for so long, and buyers think the stock has bottomed out and buy, which they proberly
thought the same thing when the NAB bottomed at $29.

Who knows when NAB will bottom but $24 looks good!
 
Re: NAB?

NAB has been making losses all over the world. eg NIB (National Irish bank) reported a loss over $100m. Why would you go long. The $24 support is a long drop to take that chance. Sell short or buy into a company that knows how to profit. Come on $24
Click to expand...

pxk,
I can't see your argument. You are talking like NAB would make a loss. Yes, they have made losses in some parts of their business but they are still a billion dollar profit company. And where do you take that $24 support from?

I'm not holding NAB but it's been an interesting stock to watch and discuss.

Quote from traing update released 14/7:
Cash earnings before significant items for the six months to September 30 are expected to be 10 to 15 per cent lower than the March 2004 half year result of $1.85 billion.
Click to expand...

A drop of 15% is more than reflected in the current price level. I'm no friend of NAB but I'm keen to find value for money. Reading my other postings re NAB you'll find that I'm looking for a long term hold. Certainly it gets more and more interesting with each day. But $24? I'm keen to hear your reasons...

Happy trading

Stefan
 
Re: NAB?

So what you're saying is it might be a while before it gets to $27.44?
Click to expand...

GreatPig,
;D I'd say so... Anyway, I find NAB a very nice example to talk about strategies and analysis. Well worth a closer look. I'm still keen to get it for the long term and to read what other members have to say. If it wasn't for NAB, this board would be dead :)

Happy trading

Stefan
 
Re: NAB?

We haven't had a large down turn in the economy for about 14 years, which history shows happens every 7-14 years. (proberly fifteen years this time round)

Pending rises in interest rates.

Also there's pressure on banks to drop their fees and charges, which will reduce profits.

NAB profits down comared to last year.

The Stock Market has got the jitters, even companies with record profits are slightly falling or going side ways

If you look at where NAB is on the chart (I would insert an image if I could get the bloody insert image tab to work) NABs been on a downward slide for the last 2 years. Next support level is at around $24 which NAB is almost there. Support and resistance levels are a very big part in trading (only if I could that &^$@*^! insert image to work).

NABs saving grace will be if they sack 1000 workers
or so or start selling some overseas concerns. Results of improvement wont come out until November. I think that hitting $24 wont be that hard.

If you listen to brockers they will say buy buy buy! What else are the going say, they have to make a living.
 
Re: NAB?

I aggree with you Stefan, a long term outlook.
My question is, When will the dividend downgrade anouncment come, What will that do to the price and will that be the last of the bad news before a recovery?
 
Re: NAB?

If you listen to brockers they will say buy buy buy! What else are the going say, they have to make a living.
Click to expand...
Never listen to brokers.

I agreed with Stefan that NAB is a long term buy, but when to buy, time will tell.
 
Re: NAB?

NAB is currently trading at levels not seen for 3 years. Looks like it has found some support here. I still don't think it will go to $24 without more bad news. Now there's always a risk that more bad stuff is in the pipeline, but for now I'm comfortable that this is a good entry point for a long term hold. Now all I need is some 100K to buy enough shares to secure my retirement.

;D

Happy trading

Stefan
 
Re: NAB?

Attachment, thanks Great Pig

Stephan
If you look at that NAB chart over the last couple of years, It more likely to hit $24, bounce around at that level for couple of months go up to the $30 mark then down and a high probability would suggest that the NAB would fall below $24.

By the time the NAB recovers, the district health nurse will be slipping you pension cheques under you bedroom door.

So are you better off putting your money in property, thats out performed the market over the last 10 years.

Putting money on a company thats just past its all time price high (stalling for the last couple of days due too high oil prices) and suposably announcing record profits on 18 Aug.

Prepare and sell short the market when it drops due to economic down turn, because we have to have recession we had too have!(an old paul keating line)
 
Re: NAB?

pxk,

I fully agree with you regarding a possible market downturn. And I'm actually speculating to be well prepared for it.

We will always have differences as far as NAB is concerned. You're looking at it from a different angle than I do. I do agree that NAB has been on a downward trend over the last 2 years. But it's a big bank nevertheless. It may currently suffer from bad news and losses in some of it's business but you have to look at the whole picture rather than a few dark spots. For me, NAB is becoming attractive to hold. Even if it tends to go down further. It was heavily overpriced in the 30s and so is the CBA. (Which I predict will be the next big slump in banking). We just had bad news for Westpac in NZ and I have no doub that this will hit the whole sector next week.

From a chart point of view, I can see the $24 target, but keep in mind that NAB has come a long way since it traded at these levels. Check the profit figures and the overall fundamentals for NAB.

By the time the NAB recovers, the district health nurse will be slipping you pension cheques under you bedroom door.
Click to expand...
That's exactly what I'm after.

So are you better off putting your money in property, thats out performed the market over the last 10 years.
Click to expand...

Which is exactly why I would never put my money in property right now.

Putting money on a company thats just past its all time price high (stalling for the last couple of days due too high oil prices) and suposably announcing record profits on 18 Aug.
Click to expand...

Putting money into BHP, a stock that's trading at new hights in a over heated market doesn't sound like a good idea to me. If they announce a new record profit, then the stock may move a bit higher. Expectations are high and so the price has moved up already. I'm not after these kind of stocks. And if you predict a downturn and another one of those recession we have to have, then I certainly won't invest in stocks that are trading at new heights if they depend on a strong economy. China alone won't keep BHP going. And if you think that high oil prices are a momentary thing then I don't agree. Keep in mind that this may well be enough to seriously hit BHP or RIO or all the other big players who depend so much on an economy that we are most likely going to miss for a long time.

Prepare and sell short the market when it drops due to economic down turn, because we have to have recession we had too have!(an old paul keating line)
Click to expand...
And why would I go out and buy a stock at record levels then? Some parts of your posting are clearly in conflict with other parts.

I'm looking forward to your reply. Always great to discuss these things.

Have a nice weekend

Stefan
 
Re: NAB?

Stefan,

I know NAB is a big bank, but there be another AMP?

I am pretty sure it's not, but by waiting for uptrend opportunity in the near future would be a good idea.

I know from fundamental analysis point of view NAB is a good buy at the moment. But if it does trending down further then it will be a better buy.
 
Re: NAB?

I know from fundamental analysis point of view NAB is a good buy at the moment. But if it does trending down further then it will be a better buy.
Click to expand...
Jet,
If you are a fundamental trader looking for an investment then you don't care much if there are a few more % to gain by waiting a little bit longer. As soon as the figures add up, you buy and hold. You buy because you come to the conclusion that a stock is trading below its value. There is no need to find a bottom before you enter.

If NAB turns out to be another AMP then that's bad luck. You can't predict these things. Based on the figures and announcements we had on NAB, I consider it a buy for long term. You wouldn't buy because you're not after the same type of investment. You buy and sell for a quick profit and you base your decisions on charts and trends. Perfectly fine. I agree that right now, there is no clear indication where the price will go next with NAB. So you can't buy it.

I can, because I don't care where the price goes within the next few days. I care where it will be in a year and beyond. And because I think that NAB will continue to make billion dollar profits and pay a nice dividend for the years to come, I have no problem with buying.

Now to make it clear: I don't hold any NAB. I just use it as a good example to discuss different strategies. Wheter a stock is buy or not depends on your investment goals.

Happy trading

Stefan
 

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