RE: RE: BNK back below 8??I agree with you Unkadevo - this is very difficult to call. I would like to add but In my own mind I've been weighing up the pros and cons.
On the one hand Q1 should be very good when it comes out in mid May (Ergo SP should get a boost).
On the other hand a lot of investors believe in the old adage 'sell in May and go away' (even though it has been statistically proven to be false).
Then we have oil prices that are reaching (if they havn't already) - unsustainable levels. A sharp drop would in the short term negatively impact the SP's of BNK and others.
Ideally we need a soft landing for Brent (around $100 - $105 would be nice - giving BNK a long term healthy level.
Then we have uncertainties in Libya and the Middle East in general.
Personally I think I will sit on the fence for awhile before adding shares. and just see how all the factors play out.
GLA