RE:RE:Down to 28.13 - Who All is Loading Up and Averaging DownI have always believed in legging in to positions, I would buy the first 1/4 at 23, then put in limit buy orders at 21, 20 and 19.. If it drops that low, you get to average down, if 23 or 21 ends up being the bottom I still have picked up some. I fully agree with you that higher interest rates is not going to help CWBb's earnings because so much of their loan book is funded from hot money. Future defaults in their Business loan book is another concern.
bubba9 wrote: There was little positive to glean from the last FS. ...They don't have the retail base so rate increases won't help margins. They know what's coming with the higher reserves as many of their clients will struggle with the rates. I will be back in at $20...
DeanEdmonton wrote: I think the price is still too high to be buying in yet but to be honest, if it gets down around 23-24 bucks it will probably be a good time to pick some up. The Bank is not being run well at all but it isn't so bad you can't make a few bucks getting it at the right price.