tbh none of us on this board are in a position to offer you advice other than on a personal level. from experience I have done what you are contemplating when i was heavily involved in CFD's and playing with some real leverage and more often than not regretted doing just that. Sure Lloy has come back from the highs as media hysteria over a number of issues has clouded the investment picture, probably deliberately so in order to perpetuate the anti bank sentiment for a little longer yet. What is more August is the silly season when lunatics invariably run the asylum so trading is volatile and banks may be suffering from the fact that they are heavy weights in a c&ap index with the minors being taken behind the woodshed atm. So FIW I feel that Lloy has absorbed much of what could go wrong realistic or otherwise and while I appreciate your sentiment I see little logic in turning a paper loss in an actual one given where we are in this market.Again it is a PERSONAL perspective and NOT intended as ADVICE. GL
I wanted to buy the day before the election; however, was stopped from doing so by a transfer from my bank accounts. As such, that left me in a position of paying 87pence instead of the 80pence or whatever it was the day before... I decided to go with it because of all the good sentiment at the time (all of which seems to have gone now).
Anyway... what is everyone's advice. Stick, or twist. I know long term it will be OK? I hope! But, are we going to see a sell off down to 70 pence if so I might as well sell now and take a hit to get myself in a better position.
The housing starts and building permits data is indicative of interest rate hike fears. Little murky in Roscoff. Fisherman unloading loads of fish, good to see. And iv'e just polished off a full English and cup of Yorkshire tea.
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