For me, that article is bang on the money. There is nothing wrong with the likes of Lloyds, so grab more of them at these silly prices. when a share sale gets this 'emotional' it loses sight of fundamentals. Lloyds, over the last few months, is a classic case in point. IMO this will rally at pace in the run-up to the results. ATB
...."Perhaps investors were inspired by Jamie Dimon – the boss of Wall Street giant JP Morgan – who has invested £18million of his own fortune in his bank’s shares. The clear message from Wall Street to everyone bailing out of bank stocks is: ‘You’re all wrong.’ Simon is not alone in thinking the banking rout has created a great buying opportunity – although most people will not have pockets quite so extravagantly deep. Fund manager Fidelity appears to be on the same wave length as the Wall Street bruiser. It said it is venturing into stocks caught ‘in the eye of the storm’ of the heavy market sell-off. Paras Anand, head of European equities at Fidelity, said the fund group was eyeing those sectors of the market most heavily hit by the market sell-off for the first time ‘in a long time’. The group has broadly responded to previous market slumps by taking bigger bets on defensive names – those stocks better able to weather economic pressures, such as pharmaceutical and tobacco companies. But Anand said that extremely low valuations in ‘cyclical’ sectors – those which tend to be buffeted around by the prevailing economic conditions – have prompted it to take a closer look. He revealed that the fund group is now eyeing the banking sector with particular interest. ‘The difference between the price on the screen and what we see as being the true fundamental strength of the business has got to such an extreme level,’ he said. We do not have a structurally weak banking sector"....
I agree it is democracy. But as there has not been a referendum for 41 years and with a ground swell of opinion hardly a waste of money. You do not comment on the Daily List where all days correct transactions are shown. Maybe you had not heard of it?
I bought in at 56.19p yesterday. £10k worth and already at nearly £350 profit. Will keep the shares at least till 70p. Price is very cheap at the moment for these shares and many others so in the long term you can't go wrong.
Thanks Lego x I did not know that... Well observed Lego I think i must have been missing the old Church Mouse x wishful thinking.. I do hope Nettley Lucas and Jonic and Doji are still with us in some form or another ...I know Chiffa is ok i read your link on the posts of cassino jim Hope he wasnt captured with the oil spill Take care lego and once again thanks for shedding some light on that it refreshing to have our tea lady back xx ship
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.