I'm normally on the Barcs forum but bought into this share last week- 14th - at 58.4p and bought more this morning at 62.4 Will hang on to these. Even bought back into Barcs at 326p this morning to to see them at 333p after it became clear that US QE was to remain.
I think this share is a great buying opportunity at these levels (58-63p) before a divi is announced. I'm sure the government will sell in such a way as not to adversely affect the share price.
As long as the employment figures in the US remain weak and other data remains sluggish then QE will continue. They say that a retrace will occur- even a sharp correction,say some, when the QE programme starts to wind down but that will only happen when the Fed believes the economy is robust enough to carry itself forward without QE so that data will then support the markets.
I'm very optimistic and I'm sure investors will look back at these prices and wish they'd bought in.
Have to say all is looking very good and hope we will stay around the 63p bracket and moving towards 65p and with a little re shuffle my next buy.
Reasonably positive news from the Bernanke and the Fed so we may move forward, yesterday was the second day of falls and I considered selling my 54-59p buys today if the share fell below 61p however that seems a while ago now and we are moving up.
I always buy into a rising market and I believe the last couple of days or more Lloyds were not the only share to have suffered, but with today’s news most are picking up again which is good for everyone and somewhat different to previous years. 63p is resistance but hopefully we will break this barrier and head towards 87p, which would be very nice.
"Having refocused their business, now is the time for a clear strategy on how to return RBS and Lloyds to the private sector in a way that protects value for the taxpayer," Finance Minister George Osborne said on Wednesday.
Osborne indicated he would await the final recommendations of the Parliamentary Commission on Banking Standards, due to be made next month, before formulating plans.
Speculation that a sale of Lloyds shares may be imminent has risen in recent weeks after the bank's shares passed the 61.2 pence level which the government regards as break-even on its 20.5 billion pound investment.
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