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I bought back in today. I will probably regret my lack of patience when better prices become available in the next two months.
Why is this struggling to get above 1.40????
You predicted next stop 1.70....explain????
Ive been in Barc for a few years now and can't say I've loved the experience ! However I think now is a great entry point with little downside failing a global catastrophe of some sort...I shoved a few more grand in a week or so ago..
Deutsche Bank is transferring it’s Prime Brokerage Unit to BNP Paribas however not all clients are happy about that. One of the big gainers is Barclays who have picked up an extra €20b in Prime Brokerage accounts.
I have been following some of your posts @Sara and have done some very similar commods investments with a similar idea to you - it would be great to discuss together, if you'd like to? My email is: firstname.lastname@example.org
Sara I had been waiting for 130 but it seems to have flattened out. Or is this a pause before another drop?
Good luck with your brain fart, Peter!
I've invested today. Couple % in my HL SIPP. Looks ripe for a rebound once the market rebounds. FTSE recovery to 7800 points by end of October is a real possibility, subject to Trump and Brexit. Volatile right now, that presents a nice opportunity but a little more risk than I typically accept.
I can't remember who posted this, might have been you Jack, as I value your input.. Note: I have a sell order on all my BARC ( which would be a heavy loss ) at 134.00.
Barclays shares must do this to begin a proper recovery
by Alistair Strang from Trends and Targets | 27th June 2019 08:53
Still nursing wounds a decade after the Financial Crisis, here's what our chartist thinks of Barclays.
Barclays PLC (LSE:BARC)
Sometimes we rabbit on about "horizontal trends" and nowhere is the feature quite as demonstrated as Barclays (LSE:BARC) share price since 2011. We've shown it with a purple line on the chart, though perhaps it may be Magenta.
Spoiling the story, the colour conflict had nothing to do with The Battle of Magenta, especially as the dye was discovered in 1859 and named in honour of the event. It is interesting to note the leader of French forces was actually of Irish descent, his family driven out of Ireland due to English property confiscations, opting to settle in France. Patrice de MacMahon (Paddy to his mates) eventually became President of France!
Aside from a whimsical wander through history, along with an ongoing in-house debate regarding Purple or Magenta, we should really discuss what's happening (or rather not happening) with Barclays share price.
Last time we reviewed it, we waxed lyrical about the dangers of 148.823p, if the share had the temerity to close below this level.
Such a disaster has happened three times in the last week, salt being rubbed on the wound by the price also trading below 147p (apparently the final drop trigger) for a few hours.
Yet, the price has not plunged into the abyss of doom, instead appearing to find some sort of excuse for a bounce.
Alas, this is where the purple (or magenta) line comes into play, a horizontal trend dating back eight years and one we'd ignored, due to Barclays share price habit of dipping below this 147p line, only to recovery sharply thereafter.
Only in 2016 - following the Brexit vote (circled) - did the price conclusively dip below this line but once again, sharply recovered. It's important to accept therefore this trend can be broken.
The situation now, from a big picture perspective, is of weakness below 146p now entering a cycle down to an initial 134p. Secondary, when broken, is a bottom, hopefully, of 114p.
To a degree, it feels we are clutching at straws, perplexed Barclays has avoided the opportunity to drive off a cliff. The answer to our confusion doubtless lies with politics and political uncertainty as we await white smoke coming from 10 Downing St chimney to tell us which bus driver has been anointed to actually steer the nation.
Currently, Barclays share price requires above 162p to suggest it has actually bottomed, in doing so entering a region where a cycle to 175p should commence. If bettered, a longer term 192p is now possible.
If we adhere to our "normal" rules, we must accept 114p looks like the eventual d
Now above 26192 but BCS at 6.72 is an all time low relevant to the DOW.
Another DOW reversal could push BCS even lower so here is the risk.....Markets are still historically high
The last time BCS was 6.72 DOW was 7500, and DOW has risen 350% since! Incredible. Think what would happen if DOW returned to 7500.
How else could the economy thrive if people didn't invest? I don't see why people are being punished for buying shares - especially not bank shares. How could an economy function without banks?
Surely the average (mean) amount of life savings is around £120,000. The median is probably more like £20,000.
Don't know why you used £20 as an estimate of someone's life savings. Anyway, if they did invest their life savings in Barclays why would you not want them to earn a decent return on their investment. If they bought in at 250p per share then I'd be quite happy to see them sell out at 300-350p per share. Why does the market want to punish people for investing in the economy - so else could the economy thrive? Also, how could an economy function without banks?
Bounces are very infrequent with this share these days as it becomes more difficult to jump back in.
May short on a dead cat bounce to 1.43 -45 though i may have to wait a bit
And as for the trading YOu bought at 250 with YOUR life savings. Apparently then you are around 45% down with your twenty pound investment. Me on the hand I'm waiting for 130 on this chaos.
Ppl can look at my posts I predicted it on brexit being resolved in March. No lying here. Or have we left the EU? I must have missed that one. Now how much are your losses that you are cheer leading and are you locked out of your Jack ID?
You seem agitated suggest you calm down.
I sold luxort. Saying it would drop. Hardly a genius given brexit. Perfectly obvious to sell on results and wait for 130 in October.
Not when the short was supposedly opened.
1.60 was not achieved, so the short could not have been opened. But well done anyway.
JBs july post
Hi Trend....I think the market is pushing the price up in readiness for another ftse drop. Ftse is still high and a 200 point fall would drop Barclays to acceptable year lows of low to mid 1.40s. This pattern has occurred before so I'm looking for a 1.60 before opening a further short
Spot on again JB
Boomer ???? OneandOnlyRunner????
Barc has $50 Tn derivative exposure . No Gulf State will bail them out this time .
This time not the Germans but the Spanish Only four months ago, Swiss megabank UBS warned about the contagion risk posed by Spanish banks’ outsized exposure to Latin American markets, not only to Spain but the entire Eurozone. A mind-boggling 80% of the Eurozone’s total banking exposure to the region is channeled through Spain whose banks have around €384 billion of counterparty claims in the region. That’s the equivalent of over a quarter of Spain’s GDP
Spainish bank exposure to Argentina, is hardly inpressive. The preso is in complete freefall.
Barclays scrip price set at 142.20p
How close was I
Who is the Man
Happy with that looking for 230p plus here medium term
We all March together fellow Spread Eagle investors :-)
I haven´t got much time today as I am in Brussels but come on matey, I have a sense of humour just like anyone else but there comes a point of pushing it too far, judy d Wood book is the biggest load of BS ever, some might call it science fiction wrapped up as reality for the gullible. The best people in the field is people like James Corbett "follow the money", you´ll soon learn who was behind it. 911 & the towers are not really the pont, the real point is why & the long term goals. A) The U.S. had lost control in the middle east. Why didn´t the U.S. go for Iran first rather tan last? It has given Iran, 18 years preparation. You now have Russia & China siding with Iran. Iran now is going to be no push over.
There is going to be some big reds here very shortly. How do you know I am not a woman, big boy?
Eh?? I bought @ 50p during the crash , think it may have touched 36 at one point.
That's a relief. Hopefully others will do likewise and we'll see a rise.