Well I made a £15/point bet at 357.. just walked away with £430 - £8(overnight funding charges for 2 weeks).
Not alot of of dosh for 2 weeks. but hey.. it was a small bet. I sold now.. because tbh, a jump this small and all the money we're setting aside for legal and what not. is telling me and the market that there are a couple more red days to be seen for now.
"JJSS, that's been the trend for a very long time now, though occasionally trends do change. " - this 3% jump isn't a big enough breach to break the trend. 2 or 3 red days and we're back at 350. RBS need substantial "we're finally moving forward news" or "there's more legal costs to pay for the cowboy days".
JJSS, that's been the trend for a very long time now, though occasionally trends do change.
I'm down now, but closing SP usually more telling than intraday action. RBS's year high closing SP circa 375 from 15/01/14. - If we finish well above that, I'll consider my short mistimed & probably worthy of punishment. We'll see.
only think some of the posting is being done on this BB is by brokers keen to generate some commission. Short term trades do little for the portfolio. If you believe the story buy and hold and buy some more on the dips.
You are probably right but the Bank is a huge organisation and will find ways of going forward, increasing its turnover and profits. That is what it is designed to do, I am sure it will achieve great figures in years to come. New technologies and initiatives will be introduced.
One issue I have is that banks have different regulations imposed on them now and also more competition ... Lower affordable mortgages for many Mr average are now gone ... As house price increases means the size of the mortgage loan in too much... This may well restrict the ability for RBS to reach the heights of the past ..
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