Sold out on Thursday afternoon; didn't want to risk loosing all that profit. On Friday tried to buy in at around 135p but could not get that price, so sat it out. The short term outlook for banks is very poor; there are so many things that could go badly wrong, change of this magnitude (BREXIT) has raised so may questions that won't get answered for some time and there are no realistic comparisons to model predictions on.
Expect to see Barclays SP go sub 100p soon as uncertainty in the… Read More
State that they were shocked at the result - no doubt and also does anyone in power actually have a plan? No doubt quickly getting one together - cannot and will not fill the market with confidence. Shouldn't happen in democracy but would not be surprised if there is a second referendum if and at that juncture news arrives that will be tremendously bullish - the only thing apart from a cohesive and decent deal from the EU on exit - which perhaps maybe a reality at some point but will be tough.… Read More
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