Do we know if many of the huge amounts of shares, sold off by HMG to the institutions are being shorted? Would that is some way make up for the huge paper losses that they would otherwise now be incurring?
Finally would all those billions of extra shares, which were once in the relatively safe Governments hands, now be instrumental in bringing us down to these lows?
I know some clever people seem to know the amount of shares shorted at any one time.
Just wondered, if those who bought HMG cast offs are sat licking their wounds, or are making money by shorting either themselves, or by a third party.
Expect a false up today, as no one would buy if a share price did nothing but fall daily.
And most KNOW that for every seller, there HAS to be a buyer, some don't.
A third of my holding averages 44p, the rest I bought in the last few months. If the SP rises by 5% I'm in profit. This kinda puts it into perspective of where the SP is at for me, and I know the increases I (and you guys) need are still easily achievable. There is a panic every day as the markets turn red, but the reality is we are not that far off from where we need to be.
I am finding watching this share is a kiss of death, not for the SP, but for our sanity!
I'll be back end of Feb for the good stuff. GLA and DYOR as always
This board has been a very busy place today, quite undersatndable !!! Bank shares took a battering for some time.Do they deserve it? No use blaming the PPI, it is a man made desaster, to be precise made by the BODs and higher management. The lower downs only follow the policies and orders, they do not get the enviable mega bonuses.
DOW Closed some 180+ points. LYG up .0.8% FTSE futues up too.
There is hope for Lloy but just. What happens in the Chinese and Japanese markets overnight and how well the oil prices hold will decide the SP at opening tomorrow. Given the sharp decline of SP and global turbulence it is anyone's guess. I am sitting on a loss on many counts .I get the feeling ,that I am not alone. I shall hold on at least till I reach a no loss situation however long it might take. Having experienced several results' day setbacks of the past I am not looking forward to the results day but it will come. Wish you a better day tomorrow GLA
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