Club Mulgoa

Monday, May 08, 2017

Banks

When you make a big profit, always keep your mouth shut.  And don't display your profit indirectly too.  But if you are a listed company, you can't....

Tonight, in the budget, the Treasurer is going to fuck the banks because their profit is too obvious and relatively big.  He is not aware that banks that are unprofitable are not worth owning and depositors may lose their savings!

However, today, banks are slipping by a huge percentage.  This means that some sellers are aware that the Treasurer is getting ready to screw the banks HARD but the average investor is totally oblivious to his intent.  There is a huge element of insider information here.

1 Comments:

Blogger Club Mulgoa said...

I put in a bid for more WBC shares but missed the trough by about 10-20c...

The market has sent banks shares down further than what the budget has punished them over the next 4 years.

2:14 AM  

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