Far too many factors affecting both banks for me to make a judgement , sounds a bit of a cop out I know but I usually trade on the basis of what I can see is happening as opposed to what I think might happen . At a guess I think both might drop back a bit yet . RBS still got that GAP at 328 ish ,Might be closed sooner rather than later and I'm not quite as enthusiastic regarding the economic recovery as the MSM seem to be , all if , buts and maybes at the moment .
Despite the upbeat reporting of the lower than expected unemployment figures the wheels are becoming very wobbly on the wagon. My partner has told me at her place of work they have taken on two young apprentices at about £80 a week but there is nothing for them to do so they are being passed around like parcels to make the tea. In a years time they can both apply for a permanent job which is more than likely going to be non existent...Strange that i have not met one person yet who says they are noticing anything to suggest they are becoming better off and many are really struggling to keep their heads above water.. Britain does not live in isolation. The luckiest man must be Mr Salmond who is calling it a day at the top of his success. The costs of taking oil out of the north sea is higher than the price they can sell now...Saudi will keep it that way until it passes into history..Won't be long before Ozzy holds a fire sale here too..
What 'irks' me is that LLOY is so damn pregnant with healthy accounts and good news, desperate to tell everyone how reformed it is and how robust its figures are - that the SP is reflecting this now. The problem being, with the FTSE in decline - yet again will our "time" not be now (28th). The SP continues to be suppressed. This 'Pheonix' still hasn't reached flying speed and will return to the threshold ready for another run up and attempt at soaring in the not too distant future. I feel like a child whose parents are teasing me with my Christmas present which is just out of reach! The question being: Will it ever be in reach and will I like the surprise inside it????
That's fine,I did wonder what you were getting at,still,no harm done. I have now filled both Lloyds and RBS up and telling myself not to sell any until just before the 28th if they have a good rise or just after,I don'know what your thoughts are on that.
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