NAB - National Australia Bank

[Ken]

Why are all the banks pretty much unchanged but nab is down the most?

NAB - performs worst out of big 4 again.

Why?

 

[greenfs]

Why are all the banks pretty much unchanged but nab is down the most?

NAB - performs worst out of big 4 again.

Why?

Whilst I do hold ANZ & WBC (as one must as part of a balanced portfoilio) it is my view that this sector is to say the least very mature. When you have got CBA indicating that they must rely on its Business Banking sector to compensate for the lack of future gains in the personal/housing sector it indicates to me a pretty much guaranteed lack of momentum in the share price going forward.

Given CBA's share of total middle market business clients has (from memory) halved over the past 10-12 years, my view is that its share price must have at least peaked and may even start to drift southwards over coming months/years as it becomes difficult to sustain the current dividend stream.

NAB's immediate share price performance may be due to it contemplating the acquisition of a non-performing UK financial institution as regularly reported in the press over the past week.

I know others may have alternative views and look forward to reading & digesting same with due respect.

 

[happytrader]

I bought into this one this arvo only because I thought it was cheap enough to hold into the next quarter. Chart wise there is more often than not an overlap in pricebars from one quarter to the next.

Cheers
Happytrader

 

[Ken]

I think there are some stocks you just dont sell, especially at the age of 22.

I am scared to think of what NAB shares are going to be worth in 30 or 40 years.

They might rip us off with charges and fees, so might as well be part of it.

 

[2020hindsight]

just for the record
here's NAB for the last 2 years (High Low Close) + averages
Also NAB vs XAO for last 12 months (candlestix) + ditto (percent indicates relative preformance campared to datum of XAO)

PS I plan to do this to a few stocks - please feel free to either
a) help out and divvy the job up between a few of us
b) suggest amendments to graphs
c) request some stocks you'd like me to post (maybe PM me)
d) tell me it's not necessary lol (or too wasteful of memory maybe?)

 

[gazelle]

Still have to do a bit more work to gauge possible price points , but looking for NAB to either low into the 18th January or setup a cntr trend reversal on this date . The 2002 correction ran out 1094 pts and thus far the current pullback has ran out 873 so I am just using that figure as a reference guide . current mkt position is trading below the 45 deg line which is normal within an accelerated downtrend but I think the timing componet might set something up with short and intermediate cycles moving into proportional alignment . it could very well turn out to be nothing but the traps are set and I will try and read the mkt as it moves into this date .

Regards Gazelle

 

[gazelle]

Scenario 1 : might have a better possibility of playing out as indicated by outside reversal . still looking at the possibility of a low into the 18th but with the accelerated nature of trend pitch could well overun time . see what unfolds picking bottoms in a high momentum mkt is a high risk low probability strategy ( AKA McLarenn ) it might be prudent to wait for a few higher lows to confirm a strengthening mkt structure .

Regards Gazelle

 

[Miner]

Scenario 1 : might have a better possibility of playing out as indicated by outside reversal . still looking at the possibility of a low into the 18th but with the accelerated nature of trend pitch could well overun time . see what unfolds picking bottoms in a high momentum mkt is a high risk low probability strategy ( AKA McLarenn ) it might be prudent to wait for a few higher lows to confirm a strengthening mkt structure .

Regards Gazelle

Today's special note from Huntleys NAB, WBC and ANZ are given as a buy.
Recently one of the directors has bought more than a million dollar worth shares from market.

 

[gazelle]

Nice low into 3453 . Scenario No 1 played out as expected . should at least stabilise around these lvs .

CBA : Significant timing date 25th January . same method of approach .

 

[AnDy62]

Bizarre performance today, managed to fall from early highs to 30.34, then rally back to the 32s, but still down. Anyone know why, CBA etc were all fine and no announcements that I could see

 

[treefrog]

into solid downleg following classic DT formation - looking for next substantial support at $31o


(what?? too short?? - its as long as it needs to be and no more or less) - ignore this drivel

 

[nikkothescorpio]

Bizarre performance today, managed to fall from early highs to 30.34, then rally back to the 32s, but still down. Anyone know why, CBA etc were all fine and no announcements that I could see

Read my mind - I've no idea why it dropped to that level and then just as fast went back - someone hit the wrong keys on a sell?????

Anyone with any ideas?

 

[Bill M]

Another director John Thorn bought 1,000 shares yesterday. Whilst it's not a lot money wise it was none the less his own money and the shares were bought at market price. The other director bought $2.2 million worth, not a bad sign of confidence.

 

[3 veiws of a secret]

Another director John Thorn bought 1,000 shares yesterday. Whilst it's not a lot money wise it was none the less his own money and the shares were bought at market price. The other director bought $2.2 million worth, not a bad sign of confidence.

I just wonder if the directors sold out today,seems this share is reeling .
Sadly I picked a few ,before it nosedived to $28.59.....trust me to walk away from the screen to make a cuppa of tea ,and not clear my order!

 

[treefrog]

interesting level for NAB

the weekly shows it at its 4 year low with momentum still screaming south but a closer look for the last week's candle shows a Long-Legged Doji;

"Long-Legged Doji: This candlestick has long upper and lower shadows with the Doji in the middle of the day's trading range, clearly reflecting the indecision of traders."

wouldn't argue with that - here's the chart - oh, and a zoom in on the Doji

 

[AnDy62]

NAB has held up very nicely today, bucking the trend for the other big banks. Happy to ride it out with a share like NAB, and accumulate those nice dividends, held this for around 3 years and still am up 21% even with this recent turmoil. Show me my investment in 10 years, that's what I think with NAB It's learnt from a few hard knocks and I think will improve as a company in the coming years

 

[MRC & Co]

Wrong thread

 

[dhukka]

NAB has held up very nicely today, bucking the trend for the other big banks. Happy to ride it out with a share like NAB, and accumulate those nice dividends, held this for around 3 years and still am up 21% even with this recent turmoil. Show me my investment in 10 years, that's what I think with NAB It's learnt from a few hard knocks and I think will improve as a company in the coming years

Sounds like someone is fishing for reassurance. Self reassurance (or delusion) is popular in times like these. NAB will be a good company in the coming years because they've learned from a few hard knocks, not exactly a sound basis for an investment decision. Good luck with that.

 

[AnDy62]

Thanks mate, my portfolio is still nicely up, must be due to all my self-delusions helping me It's easy to criticize people, but a bit harder to do better yourself as you have probably found out the hard way...

 

[AnDy62]

Btw big shot, my argument re NAB and learning from mistakes was not founded by delusion but through many sources I've read- see 'Top 100 Stocks for 2008'- they talk about how NAB now focuses on sustainable, organic growth and has cut their cost profile - lessons learnt from past mistakes, particularly the UK. If you don't believe me do a little research on it. It is hardly a pathetic delusion but a well agreed upon fact, same story with how AMP is run. So, sorry to prove your little psychological quip incorrect buddy