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XAO Banter Thread

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I was just reading Twiggs' latest and his tone is very negative. Like a big black cloud is about to descend!

He has a pretty good record.
 
Some huge moves in the banks so far.

Historically, strong moves in the financials are normally a good short term indicator of a relief rally at the very least.

If these gains hold out I'll be scanning a lot of charts tonight.
 
sammy84 said:
Some huge moves in the banks so far.

Historically, strong moves in the financials are normally a good short term indicator of a relief rally at the very least.

If these gains hold out I'll be scanning a lot of charts tonight.
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Daily volume on CBA relatively low at present but EOD will paint a better picture. Hard to believe "investors" (?) would be buying in the perceived gloom.
 
Wysiwyg said:
Daily volume on CBA relatively low at present but EOD will paint a better picture. Hard to believe "investors" (?) would be buying in the perceived gloom.
Click to expand...

Mainstream media is talking about the high yields on offer. See:

http://www.theage.com.au/business/want-113-from-a-bank-20111128-1o2bf.html

I topped up on ANZ and WBC recently just before both went ex-dividend for the SMSF which has one member in pension mode. Three dividend cheques within fifty-three weeks, with franking credits works out to an effective yield of about 15% pa. I've also been topping up on CBA. Sure the price could fall further still, and if it does I'' buy more for the SMSF.
 
tinhat said:
Three dividend cheques within fifty-three weeks, with franking credits works out to an effective yield of about 15% pa. I've also been topping up on CBA. Sure the price could fall further still, and if it does I'' buy more for the SMSF.
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Looks like you're on top of it. . Have you looked at MOC as a dividend play? Currently 13c/share fully franked for the year which is 10% of current share price.

Volume ended up supportive today and with markets up, up, up tonight, CBA will likely have an up day again tomorrow.

Historically, strong moves in the financials are normally a good short term indicator of a relief rally at the very least.
Click to expand...
Good spotting.
 
Wysiwyg said:
Looks like you're on top of it. . Have you looked at MOC as a dividend play? Currently 13c/share fully franked for the year which is 10% of current share price. .
Click to expand...

Thanks - I'll look into MOC a bit more. The fundamentals look a bit shakey in terms of forecast EPS.
 
RazzaDazzla said:
Is that the same Gary Glover ex. ABN Amro Morgans, ex. Alert Trader? Anyone know the history of the Gary Glover on FNN?

I had a bad experience with a Gary Glover...
Click to expand...

He's with Novus Capital - don't know if that's the same one or not. I just realised you may need to be a subscriber to view the link - but it's free to subscribe
 
Have Aussie market participants got diarrhea or something? Poopin their pants over the collective European psychosis.
 
Twiggs' latest blogs seem more optimistic than a 1-2 weeks ago. Interesting intersection in the market.
 
Whats peoples thoughts on the gaps left behind in most of the big caps, will they get filled on this leg down?

BHP,QBE,RIO,WES,WOR,WOW,ANZ,CBA,MQG,NAB,WBC ???????????
 
All markets are reacting to any news out of the Eurozone Brussell's meeting.
One minute it's bad, sell, next it's good, buy.

Normal tug of war between supply and demand on the shorter time frames has been hijacked by the news.
 
In a way it would be nice to have say 5 days of 300 point drops in a row to clear the cobwebs, because the slow draw down is harder to bear. The market is like a cancer patient, doctors keeping it just healthy enough to live, but the inevitable is happening slowly, slowly. Struggle all you like! Won't make a shred of difference!
 
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