Agreed. Next govt will be key: if New Labour win, potential downsizing of larger banks. If Tories win: promised EU referendum in 2016. Leaving EU very populist, while Joe Bloggs won't give a stuff about any effect on the City. The markets however will hate it &, initially at least, financial sector will be rocked if UK did leave. Either way, market hates uncertainty. ATB. - All have a VG w/end!
Re. Trading ..That seems to be the general consensus of opinion on here . Would be nice to see it moving into a higher range but as you say still a few problems to overcome and maybe more than a few if labour get back in .
True, RBS saw a quick retreat from 378 back then, suggesting no real conviction at those levels despite a decent interim. This time the reverse may be more gradual & by less. - On balance though, notwithstanding reasons for a L/T hold for more patient investors, RBS likely to remain a great trading stock for some time yet. - GL.
No broker recs
Long haul but eventually things will improve !
Agreed ,368ish seems to be about the limit just now .spiked above it once to 378 when the results were prematurely announced but quickly dropped back to these levels . ATB
RE: RBS short @ 372.73
Notgreedy, indeed. Despite underlying progress, RBS & UK banking still face huge challenges, including litigation issues, falling revenues from investment banking, risk of over-exposure to another property bubble, etc. - TA also indicates recent strong resistance just above these levels. I'd be glad with another 20+ pts here, but may settle for less as volatility likely to continue. - GL.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.