I was surprised by the drop in SP today. The PPI provision was released early on mon 3rd and SP had recovered to level before the news. All the news today had been released and i thought was priced in, no nasty shocks. Has been commented that it was down to profit taking and I expect over the next week the SP will recover again. From what I understand the charts were indicating a bullish trend but perhaps today is just set back in the timeline. Hopefully we can start to build towards the 90's due to the bright outlook for the UK economy, which Lloyds is heavily linked into. GLA TYOTH
A couple of people were giving AHO a bad press on this board,,,,,I thought one of them was you...sorry if I have made a mistake...."...for what it's worth I think he is doing a god job taking all the circumstances into account.,and the fact that he is Portuguese is irrelevant
In my opinion ,could soon see low 70's.ones big boys smell coffee. Banks have to many liabilities that will take years to deal with to be seen as a investment. There is also form of tax-profit redistribution in form of fines that will not go away any time soon. For those reasons I see bank stock as a trading only opportunities. Gla
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