Morning Report Tuesday 5 August 2014
We have bought CBA but we’re short Westpac via options?
I have received numerous emails since we purchased CBA last Thursday, the day it reached an all-time high of $83.92. I can totally understand subscriber’s initial thoughts:
That’s not very smart, buying CBA on the day it makes an all-time high when he’s been bearish banks and the stock was 4% lower last month, where’s the value add?
At Market Matters we are 100% transparent in living / dying by our recommendations and it’s very important that all followers understand the logic and thought processes behind my strategic investments / trades. Over coming months a very exciting addition to Market Matters will be providing subscribers access to a series of educational videos explaining the complexities of the market from simple bullish / bearish explanations to that of an option “Gut Spread” that I hold so often – back to school time! Firstly, let’s look at some thoughts around buying markets at all-time highs:
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