Nice rise today.. And long may it continue.As I have posted previously I think this share will do well over the coming months providing the politicians regulators etc leave it alone. My exit price is £3.55 giving me a tidy profit of £52k to add to the £55k I made earlier this year. However I genuinely think the general trend will be upwards for a while making it more difficult and riskier to make money by popping in and out At the risk of being greedy which I have been in the past I have decided that the best policy will be to continue to hold. If and when it passes £3.55 I will not sell . There is a risk that it will pass £3.55 then drop but that aside once it reaches £3.65 I will put a stop limit on of £3.55. Once it reaches £3.75 I will put a stop limit on of £3.65 and so on and so on. My rationale is I am perfectly happy to sell at £3.55 but I do not wish to loose out on any further rises on what I feel will be a good future for RBS.
in my veiw a slight pullback here due to retracement in ftse back to 6500......6600 taking up to end of july with things starting to move forward again........... looking at rbs charts isee a possible top5.80 sometime before end 2014 that is of cource if it gets there
Jings. There are many adjectives out there to describe me but workaholic is not one of them I semi retired about 4 years ago at just past 50 and spend as much time away from work that I can get away with.This can be my canal boat my sea front apartment in Bispham near Blackpool and abroad in the Greek Islands. I am at present in sunny Kefalonia about to go to the pool bar for a 1/2 litre or 2 of Mythos. It is a hard life but someone has to do it ha ha!
Some years ago when the banks relaxed their lending and people started to buy bigger houses than they could previously have afforded. ie: instead of buying a house that related to their income they sought to buy according to how much they could borrow. The immediate effect, all over the Country, was that builders and sellers thought 'we can have some of that'. House prices rose significantly, my figure is over 20%. That has not really reduced any as yet but needs to.
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