Oops, fat fingers, i meant if it doesn't look like spreading...
RE: Little exposure to Greece
The fall is at least partly about concerns that Spain could default sometime in the future, which in turn may lead wealthy customers of spanish banks deciding to move assets now to safer havens. If the contagion does look like spreading it will probably come back, trick now is to get the right entry point...
Little exposure to Greece
Santander has very little exposure to Greece so the SP fall of close to 10% is outrageous IMO whilst other banks fell 1-2% only
Grexit or Grout
Channel 4 last night chose to use the term Grout for Greece leaving the Euro. I like this better because it has echoes of filling the cracks...
RE: This share is plagued
Been looking to buy in to this one, but given events in Greece, i think i'll wait a while. If Greece gets sorted out, I think it has potential to rise well above £5.
Honest sympathy Longsuffering
I really feel for anyone who bought Santander as high as £15. I was lucky and bought at £4.76 and have enjoyed really good dividends for some years, and regard the current price as a blip. I wish I could hold out some hope for a return to £10 plus, but at best I see a gradual recovery once Greece is sorted. I do not agree that buying shares using personal experience is a bad thing. I was a member of a small investment club for about five years. Different members brought different experiences to bare on share selection. We alighted on Acorn (now Arm Holdings) when they were about £2, because one member was an IT teacher. Workspace Group and Unite Group were both discovered through members experiences with the companies, and both have soared. E2V was bought because one member was an employee, and is an interesting and profitable holding. Santander was added because several members changed their accounts to one of their many new branches opening at that time and we did not like the other banks much. All these remain in my portfolio except for Arm, which I almost regret selling at a huge profit. I really believe in buying companies in which people I know have knowledge and experience! The other important factor may also apply to your situation. Buy shares carefully and HOLD them, giving them time to grow. Top slicing is for professionals not individuals like us. Of course this has merely worked in my case and may be quite wrong for others.
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