Club Mulgoa

Monday, March 04, 2013

Banks and ASX

It is just incredible looking at the run up on bank and ASX shares.  When one lemming moves into the financial institutions, the rest just pile in.  The market will continue to move like inertia and will also dump gold shares.

I just can't buy any more bank shares as their profits are going to be the same as what it used to be when I was buying.

One stock that I like currently is JIN.  It fell recently due to debt incurred but it is making the right move into internet gambling.  Today's announcement (moving into Germany) has resulted in a nice jump.  Pity I have no more loose cash to indulge myself with.

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