well - with results still some way off there is plenty of time for ups and downs - My stance is the same as Doffer - anything below 4.50 represents good value and can see much higher in time especially with good results in May. I will buy on the dips.
You could be right., I could be wrong. I do think RMG has good potential long term but s a steady investment with good dividends.
I recently bought RBS and sold for 380p. Within two days it was up at 412p. But a couple weeks later it is back at 350p. I am not investing for pensions/long term at the moment so quick 5% value here and there is the right strategy for me at this time. So decided to sell today as see a couple shares that I think are very cheap at the moment - even cheaper than this one!
I would re-invest in RMG if it goes back down to under 430p (like that mad dip today!!) If it doesn't well done to everyone who holds. I would expect a small rally first thing tomorrow.
In terms of long term invesment I am looking again at RBS and BP. RBS I feel is a great long term investment and is just suffering from negative sentiment at the moment. BP because of the oil price I think has big potential. However, the Fed announcement tonight will put a stop on me buying that tomorrow, got a feeling it will rise very sharply. But as I said, give it a few weeks and between RMG,RBS and BP im sure I will be back in one.
Will continue to post any good articles I find on this. Even though I sold I still think this will do well.
Something tells me that the big rise followed by a big fall will not happen too often in the future.
I would not like to predict if you have made the correct decision Statz..
As I said value, buying at 450 and below.
Selling at 450 to make quick gains - Hmmmmmmmmmmmmm
Depending on the amount traded, you do need a 10p buffer ( SP profit ) to take into consideration fees etc Leaves you with a 5-6p profit in real terms..
Trading 1,000 shares may yield £60.00, I would want to trade more shares in all honestly and get to a better "net" profit of 8p-10p a share, which will be difficult to do with a mirror trade within 2/3 days. from now on..
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