I'm going to wait this out, too many uncertainties and this share is very reactive to the slightest bit of negative news/data. I am holding a fair bit, but think we may well see sub 50. It's the MM manipulation at full flow. I'm confident we will edge back towards 70 before year is out, the only fly in the ointment being 8th November!!
Newchurch, that is not correct. Many (maybe too many irrationally or not?) on here believe that it will come good, eventually - so they hold accordingly - you're the enigma who thinks it won't come good but still continue to hold! Surely you can see the subtle difference in the 2 approaches?!? ATB, Scfc
So with your views on Lloyds and the no ill effect which Brexit will have on it, I, IF you, would be taking out as large a loan as feasible and buying these like crazy now, loans being so cheap and this share not only being Brexit proof but a potential flyer.
Fleecy, IF it were that easy I and everyone else would sell on any falling share and buy back later.
I post what is see, feel, and read.
I do so, not to deramp, as, like we know on this magnitude that would be a waste of words, but in the vain hope that people will read, and then come back with either answers, or valid points of view, or news, correcting my 'assumptions'.
Yet rarely does that happen.
As I said earlier, I have no faith in my judgement as I bought into this share years ago now, and as boringly explained already have way too many through two rights issues and one script divi (surprised Lloyds don't do another).
Hardly a sound move, and so now just sit tight and hope for better things, whilst waiting post why I think it is currently a dire outlook for Lloyds, knowing it will not effect the share price, and hoping that people like you, and Asperger etc who are so positive on Lloyds will have valid answers as to why I am wrong in my assumptions.
If I were a positive person, I would trade the lot, and have made a lot of money, but, I am not, never sold any Lloyds since holding eight on years since.
Seen tens of thousands come and go, and wrongly assumed that as divi's were being paid, that the share price would not fall to such dire levels.
So certainly I ought to take my own advise and sell, but, as most on here think I am so very wrong, and not being a confident person, I don't.
When the s.p is above your b/e you always hope it will stay at that level or go higher, when it drops below, it is hard to knowingly sell at a loss.
So I stick, moan, and prove both to myself and the wider world that I was right in my posted views, even if not on my inaction.
With your views do YOU use every bit of spare cash to buy more?
IF not, why not?
Because none of us know, all we can do is state our opinions.
Strangely If I were not 'in' Lloyds, I would not be buying into it, and I wonder how many others IF they were honest would not do so either.
I guess selling, especially at a large loss, is admitting ones idiocy into buying so wrongly in the first place, and is not easy, least for me to do.
mick- b Thanks for your early morning reply. I would not look to much into the Goldman Sachs downgrade. The Markets and the large Institutional Investors do have access to this type of information before it is released for public viewing. It goes under the heading of Insider Information (not to be confused with Insider Trading which is illegal) and can sometimes manipulate share prices to a certain extent. But i believe this is not the reason for this mornings large drop in the share price.
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