hisah wrote:mwekez@ji wrote:hisah wrote:This cartoon (chart), I like coz of volume spread below 12/-
Grabbed some today for a traders play. Target 15/-

Coop FY results have disappointed, as expected. Are you still bullish? Ama TA doesn't mix with FA
They were expected to be disappointing. But the volume spike @11.70 says otherwise and this is just a trade call for the ride up. 25 - 30% price gain is good for me. Btw I'm not bullish on banks since Feb 2011 and esp now with high lending rates. K.
You have the 1:5 bonus support. Market is not yet sure how to respond to this unexpected bonus. Otherwise the share would have tanked big time today.
I've also seen most banks took advantage of the high lending rates in Q4 to boost their interest income (KCB, CFC, ...). However, the high rates could hurt them if they are sustained in 2012