Couldn't agree more , patience is the key with this . The difference between us is timescale in the main although I do think the GAP will be filled sooner or later. ... That's at 366.10 , ...lol.
You really ought not to have been burned once, never mind twice. The SP has yo yo'd endlessly for the past five or six years and some people have made a lot of money buying in the dips and selling on the peaks. mailman's patience recommendation is the key, probably to all share dealing but especially here. You just don't buy on the rise and you don't sell on the drop. Rather you wait, patiently, for the next opportunity. You have to control the itchy finger. That said, I think we have an interesting moment right now. jings100 reckons on the gap at 366.40 being filled whereas I think that has been left behind and there will be a steady rise from now until the election in May. Of course there will be some dips along the way and we have to be ready for them as they appear but my guess is that while there may be a dip at some time to, maybe, 380ish my guess is that we might see 440/450 ahead of the election. That will be enough to allow GO to make an announcement towards the Govt offloading RBS. The Bank will be very keen for that to happen, I am sure the chiefs are trying all they know to make it possible. Now is the time for them all to be focussing on that scenario, they only have five months to make it happen. This is a very different flavour from what we have endured for the past six years. That's my vision on it, I know jings100 will differ greatly, mailman doesn't need to bother, he has the patience to take it as it comes. So there you have it your three amigos and three quite different views of the same share. The only answer is dyor! GLA
Good heart felt post... I like the market to be my guide.. .. And do not buy into a rising RBS SP... So easy to get caught out with a drop after buying ... And can be a long wait to break even.. I will remain in cash until a drop whatever the reason and an opportunity presents it self to my liking..... It is all a game of wait and see and try and get a good buy in price... My self tried system has served myself better than I could have imagined .. The past 3 years.. The days of sub 350p may well be gone unless an unknown issue sends markets down.. Waiting can be frustrating ... But share dealing is very unpredictable... As jinks and myself have said .. It seems likely that RBS is forming a higher trading range and how far the next drop will be remains to be seen... Whenever it comes.. An Xmas rally maybe forth coming and drop in early January ... With a rise near the annual results in Feb 2015 Just my thoughts... Who knows .. time will tell GL...
Also as previously stated. Totally agree with system mailman uses .
1 . Iv'e only just posted that the SP may be hitting resistance , after that the only way is down . 2 . Iv'e already stated that I think the GAP will be closed , question is when . 3 . It's Friday almost certain to be a bit of profit taking but that's not dumping shares . RBS trades on SETS the MMs don't set the price . 4. Wouldn't be too concerned about Cameron's comments he has to face an electorate and try to justify not fulfilling the promises he made at the last election . Needs someone to blame . 5. If you really want to know how much we're still owed , Google it , i'm sure your more than bright enough to do that , lol.ATB
Without a shadow of a doubt the next 6 months are going to be a lorra lot of fun.lol
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