I'm out... sold at .185 this morning. Taking a little break from this one... I don't envisage single digits but im afraid this recent gain won't hold. There are surely some more bad news headlines only around the corner with the fallout of Brexit and I feel that a new lower range will be established at the time when folks read in black and white the real repercussions and how they effect there pockets. I can see 14 / 15 being the likely lower end... pity really, I would like to see this one recover. Will reconsider my position at that range. GLA
Bank equity is getting slammed ... bank capital is falling ...i have been telling you all for a while now but you kept saying I was talking rubbish...bank equity will fall to zero unless something changes ...fast
Seems to be taking a major leg lower today, looks like a bad week in store and the bad news is filtering through. I think the entire market is going to tank shortly, way overpriced with whats happening out there.
The move of schemes wasn't really what I was looking at. What caught my attention was the number of post offices been shifted out of post office control. Does the Boi contract go with them?
Secondly the talk of strike action as a result of that and also because of the pension move. It's bad enough loosing cash because of currency issues but potentially loosing business as well would make things worse. Might all come to nothing but the less problems for the bank the better just now.
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