CBA
It fell yesterday... like all banks but it went further down because it was ex-div.
However today, the other big 3 were up a lot but CBA fell. All things being equal, I cannot see why only CBA fell. That signal is irresistible so I topped up with another small parcel. Not really the best day to buy as the market went up. However, in relative terms, CBA went down a lot!
posted by Club Mulgoa @ 9:33 PM
1 Comments:
The law of average applies... so if the other 3 major banks rose but one fell and there is NO explanation, you can be sure that the law will even it out.
I bought at mid $73 and today it is mid $75. Happy with my logic!
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