Morning. Gosh, wouldn't like to put a % on it (dropping to 220 or lower) Lets say that it's a LOT higher than when I was mentioning it last year - when it was not much more than a possibility from a technical/chart point of view. If pushed I'd say that after it's performance over the last few weeks it's higher than 50/50.
Glad you did well out of it (Barcs) and have made some good decisions along the way. And I know, as you say, that you'll go you own way whatever I (or anyone else ) says. Which is as it should be.
Currently big money to be made here by those trading rather than sitting watching - and of course although some have posted that traders will go back to AIM shares when Barcs goes positive (when!) we won't ,we'll ride the rise too, just like everyone else. And then those who post anti tradres will suddenly just see our posts a positive and fun filled! Emotions again. Tut, tut! I DO wish people wouldn't talk about pure 'shorters' either. Never met one myself!
You talk about negative posters and traders. To clarify. For me, ANY trade - whether it's a conventional long term share deal or a 'day trade', is a stone cold financial transaction. I look at whether it will make me money in the planned time frame. I have no attachment to the particular share I'm trading at the time and certainly no 'loyalty. I try to have ice running through my veins at the time.
So, from a trading point of view I *care not* whether (in this case) Barcs goes up or down. It is not negative posting if I say I think it's going down, just factual (as I see it). And in the future I could just as easily be talking about it going up - and have done many times before.
As you know I hold conventional Barcs stock at sub 100p from way back. I don't even register current falls as relating to those as they were planned a very long term - so current discussions don't erk me.
** I may of course care a lot (and sometimes do) about what happens to a given company/sp in human terms - jobs, the effect on this country etc., etc., but that is kept in a separate 'box' to my trading.
Here then? Further drops I think - as already posted. I asked the other day whether people thought good or bad news more likely over the coming months - we know what news/rumour does to the sp - and here comes some more I see..................... I'll close half my current shorts at 222 and hold balance for possible sub 200. Unless of course they're closed by a substantial rise before hand. I will probably still trade long occasionally - but over very brief time frames - for any mini bounces and continue to open shorts where appropriate both as strict day trades and a little longer.
Of course I DO prefer making £ trading long from the point of view that the world - including this board - is a happier place when an sp is rising but that's just nice if it happens and' when it comes to something as important as trying to add to my bank balance, totally unimportant.
well I guess that's 230 support gone in the morning. God knows how much the fine will be. Jenkins must be wondering whether keeping any of the IB in any way may not be worth while. The US seems totally determined to rid foreign bank competition from its shores. How about a european lawsuit from UK regulators against the American banks for the credit crunch?
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