with all the major market shifts this year(oil/ruble/yaun/gold/$), it all points to a massive , and unpredictabe september...enjoy the ride, nothing will be the same, come October. ..GLA.. ..free education to all that participate
... bkir has done better than lloyds holding on to gains.. DAX down substantially from the all time high.. this past thursday there was a dump of 5mm shares of aib and it dropped to 0.077 but the next day rose back to 0.085.. summer is always rocky for the stock market.. the buying poortunity is there.. i have seen 2 other stocks that are worthwhile.. Santander is a long term.. BBVA also a long term hold.. however in terms of performance BKIR has beat these 2 stocks by a mile the past 3 years...
while this is a significant correction I think this is probably one of the better stocks to hold while the market slips back perhaps it will bounce back stronger than others my last buy was at 27.5 don't think it will be there again hope to buy some more before that bounce
Is whats happening that much of a surprise really. Markets, especially in the US have been on tender hooks waiting for a long bull run to end. The fact that China cant convince its new middle class to spent their new wealth is as good a reason as any for the markets to turn.
For a long time now the great hope of the the West's corporations has been that a debt free, 250 million new consumers would follow the well trodden path of least resistance, borrow and buy buy buy. However the Chinese are still too rooted it their agriculture past too have picked up western values of buy today and pay tomorrow. They just love saving for that rainy day their mothers warned them about. the sales that many have been priced into current western company valuations will just need to be priced out again. It could be a painful revaluing for some and I suspect the bottom has not been reached yet.
i dont believe its all doom and gloom though. The US is doing ok at the moment and indeed Europe is recovering slowly as well. Wage growth is the final step needed. Jobs are been slowly created and companies themselves need to kick start inflation by paying workers more. Its the final step needed to normalize an economy, especially in the US. Without that happening there won't be any more than a token 0,25% rate rise by the fed if any at all for the next 6 months.
There is plenty of cash in reserve waiting for this expected correction to happen. It will be interesting to see how long investors will hold off before jumping back in. could be a jittery few weeks but money will be made by those that wait and hold their nerve. Might be worth drawing up a list of a few strong companies ( including bkir) that will be over sold and potentially offer value shortly.
If you want to willy wave I lost 150k on paper this week. On paper I reiterate . P!ssed I didn't sell at .38 but swings and roundabouts . It'll come back and as much as being called a moron by you and full of sh one t I agree 2/3 yrs we are looking at 60c. I have an exit when ever it happens at .41c
Cooking people before and people after us will email over certain things. Paranoia is getting the better of you. Your knowledge of the financial game and your contributions relating to BKIR are imo important here. Who runs the site we'll never know. The personal digs are not nice but after that please contribute. For me I think the claret certainly spilled but it's a buyers market again.
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