Technically you are correct, but with the amount of shares i had if the share price went from 37p to £1 which it would hve easily done, i would hace made 10k profit, where as it went up by more difference, from £3.0 to £3.88 and and i barely made anything so i was robbed.
Shorting can be high risk , no idea how experienced a trader you are but unless you really know what your doing please be careful . The general trend with RBS at the moment ,is up . It may well dip to 370 but it could keep rising . Hope you've allowed for that possibility .As for the consolidation , the SP was increased in value to compensate , you didn't lose out of it financially . ATB
I was trying to make a profit. I bought at 37p then lost a tenth of my shares in the consolidation. Then it finally scrapped up to just above what i paid for them so i got out cos i thought it wouldnt stay up there. But it has. I dont doubt for a second it will drop again soon though. It cant suddenly just stop doing what its done for the last 5 years. It will go down to 370p at least very shortly. And iw ill close my short. Or i'll eat my hat and give up cos i'll never make it as a trader lol.
I'd say somewhere around 378 - 380.. wouldn't be unreasonable to expect in the short term.. as far as fluctuation goes.. profit taking will happen. Could drop a bit deepr.. maybe below 375'ish.. before reaching for that 390p mark.
Be careful ..since the consolidation the general trend , with the usual fluctuations , has been up . At the moment it looks to have moved into a slightly higher trading range , there may not be drop soon ,or at least nothing of significance, support is round about 370p . ATB
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