I'm sticking regardless - signs are - the markets have priced jobs / QE / tapering in to a large extent, and its starting to be ignored anyway - with greater focus on the fundamentals. Increased growth and jobs will be soon seen as simply good news and vice versa. There's still very low interest rates for an extended time frame anyway. Basically its a pointless exercise trying to hop around this subject - its become like the proverbial head of a pin. The reversal in the last two days suggests there is a strong tendency to follow the charted trend too. At the end of the day you have to retain some equanimity and having traded Lloyds successfully as it rose for a time, my strategy now is to is to sit tight and ride out the short term changes.
I'm much more comfortable having bought my three tranches..59p 61p and 69p and leaving them. I also think you have to have a certain teflon mentality to second guess highs and lows and as Optimist9 has pointed out, the risk of one time selling could so easily be followed by a jump in price, not a few pence either.It can be quite stressful if you're that way inclined too. The way I look at it is that those of us who are like me and prefer the security,if you like of leaving well alone may watch the day traders and those who have bought and sold on the few pence swings and think 'fine'.. they've made money but I'd rather do without being on tenter hooks. It's an absolutely certainty that one of these days..seemingly after Q4 results and whatever is said about dividend resumption is that the sp will take a several pence leap. and catch out the snorters.
The strategy I'd suggest is to have funds on standby should the shares be sold by HMG at a decent discount to the market ,the government will have to balance between a sp to get Joe Public in, as with Royal Mail..but having learned the lesson from that they'll want to get as much as possible into the coffers this time.
I also think that this paranoia in the US over tapering will, once it's clearly on its way, will quickly be replaced by positive sentiment at why tapering is being withdrawn. However,after the $2.8 trillion ( a figure I've recently read) QE programme there has to be a day of reckoning somewhere down the line. What that might be is out of my ball park of understanding.
Good morning : Guessing on share sale etc. Lloyds traditionally pay dividends in March and August. They will not gain much by giving a retrospective dividend payment. They might well announce both at the same time - in February. So maybe first dividend August, with share sale between April to June.
The idea we are fixed around 75p for the long term doesn't make any sense and I can't see why we would hope the price doesn't rise, whether we want to trade or invest for a time, there will always be dips/fall backs to try and guess at. It seems to me the share is running in a channel varying by up to 8p, and rising at a rate of about 2p a month at the moment and has been doing for a while. It bounced off the bottom of that at 76.34 yesterday. If it is not dragged down by jobs/Fed it could maintain that. That would seem to me to have been a reasonable basis for trading... No doubt people will disagree, which is fine of course. Good luck today all.
Are you calculating the risk of a sudden uninterrupted dive in price following your massive buys? I know Lloyds isnt a nail-biting buy but in a sense doesnt the scale of the buy cancel out the safety? A bit like putting a million on a safe favourite?
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