I certainly hope it does not drop to single digits but the uncertainty is going to be out there for a long time ....the only plus of it occuring would be a kick in the arse to those gobshiits who come on each time the sp hits a new low saying they got it at that price ...they are painful
Brave move and good luck, nicely time on weekly entry price, rough months ahead but at that price you should come out the other side ok. The markets still continue to amaze me - how anyone could possibly be buying into UK bank stock this week is beyond me but let them at it and the "bargains"
Stabbed in the back by his closest ally. The man who was about to save England from us Europeans done down at his brightest moment. OR.. is Boris a lot wiser than that. Is he quite happy to let this play out for what are going to be 2 very hard years for the UK government. Very unpopular decisions on a deal with the EU are to be done. There is a strong possibility of a harsh budget to shore up the states finances. Not to mention a potential break up of the union and god knows what will happen in NI. I think Boris is keeping his powder dry for a go at the job in another few years time. He has calculated that with Labour a shambles the Tories will win the election and be left to make the hard calls for the next few years. No matter what the deal is 50% of the population will be annoyed. As he said himself..".I like to have my cake AND eat it."
just my thoughts on this..all to easy capitulation for a man like him.
throwing more money on the fire, laughable really. Rudderless ship and absolute turmoil ahead yet the market bounce on a weak attempt by Carney. £ getting hammered again. Th FTSE is going to tank very soon - I can see no positives short to medium term here.
i bought at .167 on tuesday but one has to ask , what major european bank is not a bargain right now ? , is the whole sector toxic , banks appear to be completely linked to politics in europe and politics stinks
i know bank of ireland does not have the contagion issues that large european banks do with their exposure to italian banks etc but i think its still possible that bank of ireland could reach a low of .5 PB , other banks around europe have reached this level as well as some of the top american banks
It will be invoked... markets will react accordingly. Long-term advise this morning from the big guns is to hold your existing position if you have one but dont increase your holding just yet. Price likely to fall by possible another 3 - 4 cent as this mess unfolds and the impact of Brexit on boi is fully realised... In other words... have patience folks.
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