Time to buy banks?

[makingmoney]

Brian, I share your concerns and will be staying away other than the small holding I have in WBC.

say no more..lmao(btw) lmao=laughing my **** off..tht id break up the text cause u cant read

 

[Buster]

In response to a post by 'MakingMoney', Julia wrote,

I have absolutely no idea what you are intending to say.
A translation to basic English would be helpful.

Ha ha.. I read the same post three times and couldn't for the life of me figure out what it was s/he was trying to say.. then had a 'laugh out loud' moment when I read your post immediately after it.. Been a while since I've had one of those.. Go girl..

It seems the further response is equally cryptic..

OT - I actually like some of the banks at the moment, (No expert BTW, just a 'feeling'..) but agree with others here that the short sell lift may well offer some buying opportunities in the next couple of weeks..

Regards,

Buster

 

[stoxclimber]

A post that can relate to any shares.. is it a good time to buy shares...^^^alot of speculation on the banks..lol..in reguards to anz with capital raising <--anyone a director of anz or any hard evidence of capital raising with reguards to anz..i think this post can mis-lead ppl ..a cause of ramping..i thread which possible should be lock..alot of threads with personal thoughts which is fine but suggest sediment of thoughts of where the shares heading either up or down be backed up with evdence..lmao

You only need to look at the Tier 1 ratio of ANZ vs the other majors and look at their participation on the RBS asset sale process to realise a raising could be on the cards.

 

[Bill M]

You only need to look at the Tier 1 ratio of ANZ vs the other majors and look at their participation on the RBS asset sale process to realise a raising could be on the cards.

You were spot on there stoxclimber, well done.

----------

ANZ will raise $2.5 billion through an underwritten institutional share placement, at $14.40 a share -- a 7.5 per cent discount to its last traded price of $15.57. It will also raise up to $350 million through an offer to retail investors through a share purchase plan.

FULL STORY HERE

 

[brianwh]

This article directly addresses this question

http://www.thebull.com.au/articles_detail.php?id=3430

 

[Anthony Hosemans]

I have been trading ANZ since last September and have bought and sold 5 times. I'm waiting for another downturn before i reBY back in. Regards Kooka