I do hope that hack at Invezz gets his collar felt by his boss... "Lloyds shares expected to surge this week", indeed. But I guess that's one of the best things about being a financial analyst, expecially on sites like Invezz and Motley Fool: when you are right, you remind everyone and when you are completely wrong you just move on and never mention it again. The know about as much as any of us on these boards.
I think it's clear that the Govt's sell position (and lack of clarity on going forward) really has nailed this SP to 75p for the time being - nothing in the real world is going to affect it much (unless it's downwards, but even then strangely the 75p point is still a pull upwards).
As far as I'm concerned there is some good news in this. Not in the very short term though. But as soon as either solid divi information surfaces or the Govt indicates it will hold out for a better deal for the taxpayer (above 75p) then a think there will be a delayed reaction - a shoot upwards. When it happens this SP will twang right through 80s very quickly to about the 91p mark.
Just my hopes obviously, but I'm sure these 75p doldrums are not going to go on forever. To an outsider looking at this share - here's a chance to buy it at 75p today with a good chance that it will be worth 100p a year from today and paying dividends. Isn't that worth a punt? Meantime, if you want a fast buck, ride the little wave by buying at 74p selling at 76p if you have the money and the the margin justifies the risk for you. I have no doubt that this is a good share to be invested in right now - frustrating as the lack of progress has been recently.
By the way mate I actually have a lot of respect for your champion (bluie)
He has proved to me(and ought to have done the same for others) that charts are as much use as a choxcolate fireguard when predicting future trends of this share price. His last one for instance was to achieve 83p was it ? by close of play friday?
Now you may think that could happen but I am sure most of the level headed amongst us know it wont unless someone announces a divi!
Now my respect goes further in so much as how does this charting theme attract so many followers? I can only believe it works with "normal shares" if such an animal does exist.
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