But big banks are generally on the nose. For example:
NAB:
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Second tier are in favour:
BOQ:
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BEN:
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But that is how it looks right now. Contrarian investors will be looking for opportunities in the coming weeks. The stars amongst them will be ANZ, WBC and wait for it CBA.
Take a look at CBA:
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What a star performer it has been and will be. $5.40 first tranche price 25 years ago. If the threatened class action gets off the ground when CBA gets to $100 somebody will have egg on their face. I wonder who will make the real money in the next couple of years.
I would not be wasting my time on reading the fine print on the class action - rather I will be stalking and waiting to get on board again.
Think contrarian
Enjoy the ride
Tom Scollon
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