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trump1
agree better value for sure. gl
triumph1, I’m not sure everyone is bearish here. I’m more neutral/hold I.e. I’m not currently confident enough to stake £35k at circa 175p hoping for a short term return of 10%. You make some fair points but I also see the bad news in the distance approaching very soon.
Good Luck my Friend
Support/Resistance Levels
Price 14 Day RSI at 80% 200.7
Pivot Point 3rd Level Resistance 183.1
Pivot Point 1st Resistance Point 177.9
Day RSI at 70%177.470
Why is everyone so bearish here? Just look at inflation and T-yields. As long as the us10yr yield keeps pushing up, bank stocks will continue to rally for very obvious reasons. Nothing can beat banks when economies are expected to overheat.
I can see this rally to 200 very soon. Still very undervalued compared to its peers across the pond which is where the comparison should be made. Barclays is being priced similarly to lloyds which is just wrong.
Rookie1, £1.55? Interesting. I remain in the surprised camp of seeing it where it currently is circa 175p so quick and so soon. I wasn’t expecting it to arrive at this level until Q3. Hmmm... so much uncertainty out there yet the share price has gone deaf. At £1.55 the charts indicate this is a reasonable floor level and only concerns should arrive if it were to breach it.
Good Luck my friend
158-160 looks a potential zone to add but i cant say it will be seen looking at it right now. sometimes doing nothing is the correct course of action particularly if you are already involved in the trade to some degree.
Phuckerty, whilst your contributions may be small and occasional they always make me chuckle... definitely on the same humour wavelength as me. Keep the one liners coming my friend.
I should add if it closes below 173
It’s possible.
However ftse has struggled massively today even when the US is so high. Barca technicals suggest over bought and I think this is the reversal, I was just a bit early to the party. I could be wrong but I see 155 in the next week or so
Or the bursting bubble finding its way to the ftse safe haven.
Atleast the ftse actually reflects to some degree that everything is not rosey, the US markets are the falsest ive ever seen, they only go up regardless of the state of the economy, that’s a big bubble waiting to burst and send shockwaves through the world.
Barclays is winning in many ways , including its investing bank which is out gunning USA finest, UK mortgage and credit card business which will prosper coming out of lockdown. Onwards and upwards I say.
Rookie1
And that's the beauty of financial markets - you can go long or short.
Whilst I don't agree with you, it's great that we can both back our beliefs. It's like financial freedom of speech!
Genuinely can’t believe the buying pressure here, what upside is there from £1.75?
Nuri123, I appreciate your post and I understand inflation is usually good news for a stimulated economy However I see things different, this level of inflation that is coming will be hyper inflation, raising interest rates is years away IMO.
If it wasn’t for an unprecedented amount of Q/E for furlough Barclays wouldn’t be where it is right now. The high street will never be the same again and when furlough ends unemployment will sky rocket imo. Far to many buisness’s have learned to cut staff and run on minimal work force and some even without a workplace,
We really have not seen the damage ‘Covid’ has done.
nuri123a: "Stimulus will lead to inflation and interest rate rises...."
Not a chance while all that money is being printed (QE) - just look at Japan and how long zero interest rates can last - we'll be there for decades.
Definitely not a bad day Saurus. My partner has also just left Barclays, both of us with 2 years salary redundancy pay and watching our Share Save and SIPS shares over the last few weeks has been a fantastic experience. I just dislike people talking the shares down for their own gain, especially when most of them do not have a clue that they are talking about.
we were less than a penny way from filling the gap early to 178p so its as near as damn it. often and especially after a solid run, youll see a retracement once a topside or downside gap is filled or almost filled. almost filled happens when folks short or long ahead of the gap fill expecting a reaction. 158 and 144 would be levels of support that youd expect to hold unless we had another severe correction. i dont think the rates story is going away and that should support the shares. i have taken some profit friday with the intention of adding back on a pullback. this may or may not happen. i simply think its prudent after a strong run.
Hi nuri23a - Listen to him rookie1! Am only at this a year am long on BIRG bank - Am trying to trade some at the moment barclys moves in the same way very interesting - this will likely move up more tomorrow and down wednesday but good long term
Rookie. I've been in shares for 20 years +. I've gone long and short. I don't see a worse time to go short on banks. I've £200k long on banks and growing. Stimulus will lead to inflation and interest rate rises.... demand is pent up like never before. On a scale i'm 99% long on banks
Well I’ve opened a short now the stimulus news is out the way.Might lose a little before hand but I think when the correction comes it should play out well. As ever I will have to keep a very close eye on it.
Thought about it once or twice but never tried spread betting or any type of leverage vehicle, mainly because it has a low success rate and although large gains can be made, it's also possible to lose a lot. There was someone on the Kaz Mineral bb last year who took such a risk and ended up having to remortgage his house and turn to extended family and friends for help because he guessed the price movement wrong with devastating consequences. He gave a very humble and moving account of his situation and said he'd thought of taking his own life. So, please think carefully about wishing ill luck on someone else Lucia. Perhaps you're just having a bad day and feel a bit frustrated; we all have them but it doesn't do you any good either to dwell on such negative thoughts; so please take care.
As for banks, in my experience most have ruthless business models. It's the nature of how they operate and why most have a long history of having to pay fines and penalties for sharp and iffy business dealings. That said, most large corporations imv also operate ruthless business models.
All the best,
saurus
The postmans dog knows quite a bit about shares
Wag tail to left and you buy
Wag tail to the right and you sell.
If it’s a crap firm why hang around for 33 years ?? or invest the money you got from your salary back with them!
I am no expert but love seeing you shorters get your fingers burnt. You know no more about shares than my mother in laws, postmans, dog. I worked for this crap firm for 33 years and have followed their shares since 1985. Their time has come and they are going up at last. Long may you lose your imaginary profits........