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 ..
I first bought at 19p (190 in today's format) after the crash, the price went up quite quickly and I convinced myself to buy more and more. The most I paid was 48p, and ended up with over 40,000 shares and an average below 40p. Soon after that the price reached 57p. That is when I should have sold but the expectation was that, with the Govt support, the Bank would recover to somewhere near where it had been a few months previously, ie: £5-£6. But that didn't happen, instead the SP dropped back through the 40p-50p range and back into 30p-40p, then 20p-30p. Then it was revised x10 and, as mailman tells you, it has hovered between 270p and 370p ever since. I eventually sold in January this year showing a little over £4K profit and glad to have it. Five years wasted. You can read back my posts from this year to see what I have done with the funds released. Right now I am out of RBS but I keep a close eye on it. If it shows one of mailman's 'drops' and I have a share showing good profit I will sell that share and buy RBS to wait for mailman's 3+% though I have to say I look for a bit more. The long term is another matter and to my mind is related to the general election. I believe the Govt will seek to announce the sale of its shares to coincide with the election or soon after. That will change the whole complexion of RBS share dealing. This view is not shared by everyone on here, some think it will be several more years before it reaches £5-£6. That will represent a 50% gain on a buy price of £3.50-£4.00 which is good if only a year or two. Operating as mailman does allows one to keep in touch with the best long term prospect while making a regular gain. It works best the bigger your investment. Good luck!
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