You are definetly a joker. Your certainly having a laugh at 255. This donkey will keep retreating until they come banging on the doors of the investors and shareholders for 40% of there lot if not more. The way the mindset is changing in Europe now in that the shareholders and bondholders alike are now fair game. The party is over, it's now curtains.
posted on this bb for a long time. imo not looking good for RBS at the mo. Cant believe the sp is where it is! Three years ago we were hoping for the magic pound mark (£10 in todays sp). I've done a bit of chart comparisons, further problems in eurozone shags this sp as it did when PIG'S starting their problems. Chart suggests a downward trend to 255-258. People in at the old 57p (570p), hang on in there, averaging down and getting out a small loss or waiting to 2018 and selling at a profit is a gamble in itself. You dirty daytraders must be loving it!! Hester needs a good kick up the a-hole and start the divvies again soon. Maybe the world will see RBS as serious bank worth investing in. RBS isn't too big to fall as it was before it started selling more arms than an Indian god. Hope all in this, make a sizable profit in years to come.
My experience of the banks is that they take all the security they can get, usually property worth twice the loan amount. Why would they need cash cover as well? Nor is it likely that every loan they make will default. It seems excessive.
LONDON (Reuters) - Part-nationalised Royal Bank of Scotland said on Wednesday its capital position was strong, after the Bank of England ordered Britain's banks to plug a 25 billion pound capital shortfall.
"RBS has a strong capital position...we will continue to work with our regulators to ensure RBS remains at the forefront of international capital standards," the bank said.
Bought in at 21p in 09/2010, sold out at £3.54 month or so back (35.4p old money). That is 50% > gain over the two years I held the share - which I was very lucky to trade in and out of at roughly the big peaks and dips adding an even greater return. Not many other places you can get a 50% + return on these days. Back in at £2.80. It will bounce back at some point in the next 6 --8 months as a profitable bank hidden in there some place. Obviously those needing £5.00 + have to try and average down if staying in or day trade into profit, which with this share can be quite easy.
I am sure most of us have been through the rough with this share. It is interesting to read those who don't have a good word for it alongside those who have traded and made much gold. The rest of us know that in another year or so it will become what we dreamed of and we will all live happily ever after. As so many have advised in the past 'it is only a loss if you sell'. There's no point in getting upset about it, if it is hurting that much then take the loss and move on. Otherwise, look at the past year, see where we were then, and convince yourself that the same gains can come again in the next year. 'Cup half full'!
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