Hi Paul - no, I think it’s one to totally avoid.
Hi Harry - I agree with the sentiment, although simply feel the easy money has now gone from the stock ahead of earnings. It's a decent turnaround they're grappling with.
Thanks Patrick - certainly has less teeth than it could have. From a banks perspective, Westpac should benefit most given the green light for continued vertical integration + they have a big branch network which should help them with selling mortgages. Mortgage brokers a big loser - the gravy train has stopped!
Love the analogy of the pig and the chicken...
$10 = blue swimmer $20 = lobster $50 = pineapple $100 = avocado (it used to be a grey nurse before the new notes)
Thanks Leon - appreciate the feedback
Hi Graeme - Better to look at points in our view - in rough terms wave 1 = 400pts, wave 3 which should be biggest = 700pts and wave 5 should be similar to wave 1 (give or take) - assume 400pts from about 1100 = 1500. We don't get too hung up on exacts - more areas / zones.