Much was said about owning bank shares. After all, banks are in the epicentre of the current financial crisis. However, bank shares are now good candidates for Share Scalping because:
1. Banks are not allowed to fail, especially in Australia. Hence, if you buy bank shares now, you can be reasonably certain that the government will come to your rescue if your bank goes into receivership;
2. The prices of bank shares have fallen heavily and there are not much room for further falls.
3. The share prices are sufficiently volatile for trading without going too high or too low.
