IMO its all just seasonal games BTB, Lloy needed to dip to fill the gap, If the Gold price was high I'd be more worried, when the city types get back from their month in the sun the markets will start to get back to normal, A bumpy ride is par for the course but I can't see us facing baked beans & shotguns as currency just yet ;-)
You say silly season is coming to an end. I'm off the opposite opinion. We keep brushing it all under the carpet with bailout after bailout. The monetary system is finished. We could be in for a bumpy ride! I've been saying this for 5 years though haha.
Yes Wids £1.35 is taking longer than I had imagined lol but don't you think you could allow yourself to think things are easing a little world wide? China are taking steps to manage their slowdown, Greece has seen sense and signed a new agreement, silly season is coming to an end.
A clever man like you must know £1.35 will happen, it may take another year or so and maybe a few buyback but it will happen, a company like LBG won't want to be a sub £ share forever ;-)
The recent fall in the ftse as not been reflected as much in the Lloyds stock as elsewhere in the banking sector,of course this is as much to do with the potential upside of the sp with forecasts from the chairman at the last update being positive. I think the stalwarts on this board who have held this stock for eons will appreciate that we are as much a pawn in the world of finance as anyone else and patience is a requisite virtue if you hold this stock.
Cheers Megan, Best to try and trade on fundamentals as its hard (or impossible) to trade on market sentiment. It seems a very sentiment based board LLOY, but I like it as its a busy forum. LLOY looking good to me and should see a nice rise when FTSE sentiment changes back to bullish. (looking like its on a turn now).
I know what you mean. It's easy to say buy low, sell high. It's knowing when it's low and when it's high that's the difficulty! So I, like you by the sounds of it, just hang in there. I know some have a long and a short pot, but I have 42000 shares, so to play the usual couple of pence swings isn't worth it.
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