Thursday 22 December 2011

Filled on WBC short - 20.62

Refer to this post for the the big idea on Aus bank shorts.

Why WestPac (WBC)? They have the most leveraged exposure to the EZ of all Aus & S Korean banks, whilst also having the furthest to fall in share price - based on 2007/8 levels.

We were entered on Wednesday's overnight session based on a limit entry of 20.62. The current (closed) market price is 20.26.
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