A very decent rise in the share price today. The stress test results will have will have eased investors fears to a certain extent. Lets hope it is the start of a prolonged cyclical upturn ( or Santa Rally if you like) for the Banking Sector, that has now been long overdue, and will carry forward momentum into the New Year. The last few months have been extremely frustrating for both Day Traders and long term shareholders.
Aye , has been a disappointing year , especially compared to 2014 . Long term trend still up , more or less ,and I agree about future prospects but it aint half taking it's time .Been posting the same thing for a few years now , lol.
The share price just managed to stay above the 300P level at close of trade today. I expect all the major Banks with the possible exception Barclays who have capital requirment issues to scrape through the latest Stress Tests when the results are published tomorrow. The RBS share price has been very disappointing all year, after the promising start we saw at the beginning of the year, the current share price bears no relation to where RBS is currently at in the recovery curve at the present moment. However i am still very confident for the future prospects of this Bank .
You know what they say about picking bottoms .Be interesting to see if support holds or whether the stress test or global issues will push it below , have to admit I didn't expect to see the SP at this level this year but que , sera , sera I suppose .
To be quite honest i dont know where the bottom is with this share at the moment. Good price for new entrants and exsisting shareholders topping up who have the funds available to do this, unfortunately bad news for the rest. may be a small drop tomorrow with Banking Sector stress testing results due out on tuesday.
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