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Sigma1, no such thing as a bad profit. Well Done and Good Luck my Friend.
Sold this morning at 183 to lock in the gain.
May consider another trade if the SP retraces to fill the 170-172 GAP.
Will be interesting to see the effect of the buy backs on the SP this week.
Good luck to you all.
Freeposter, thanks for your update. I’m of the view that a leg up is coming with the daily buy-backs. As to where the short term lift will peak? If only any of us knew. The question to me is whether the share price can hold it’s own once the BuyBack money runs out? Wherever that price level may be. Hence, my medium to long term lump can stay where it is but I’m looking to offload my short term lump sooner rather than later. I was hoping to offload my short prior to the Half-year results but the reduced price to that of my 176p purchase made my decision for me.
Good Luck my friend.
Sunny63, no such thing as a bad profit! Well done. Thanks for sharing.and good luck with your future plans.
Sigma1, thanks for your update and sharing your strategy. With the imminent ex-dividend date this week, typically but not always guaranteed, the share price tends to drop by the Value of the Dividend on this date. However, with the daily BuyBacks in force will this be the case?
Good Luck My Friend.
A good performance yesterday, maybe it was the start of good and sustained run. Yesterday's rise began as New York opened where it improved slightly after London closed. With no repurchases in the US market, might this imply the buy back programme has so far had little influence on share price?
This far, buy backs would seem to have accounted for about 10% of daily trades in London, at which rate might continue for a further 2 months unless the share price increases. The previous buy back had a ceiling of 190p allowing twice to sell a large part of my holdings and swiftly repurchased for less and been thinking of doing similar again. Now I'm having second thoughts of this tactic.
I've no intention to again buy more BARC in a rising market, that previously mostly got me into trouble, so intend to just hold, take this dividend and reassess matters as the buy back proceeds. Then, when more normal conditions might return and with good direction, this might just return my investment.
. As in the past that mostly led to additional losses, I was initially intending to repeat my sell off/buy back
Sigma & Mr A, I have done the same. Sold a chunk yesterday at 182.5/1.83. Also sold some at 1.789 (too early really) but then a small profit is better than nothing. Hoping to buy back below 1.75 if possible. Good luck everyone.
Evening MrA,
yes, as RIO seemed to have topped out at 6300 this week, slightly lower and earlier (before the 6400 GAP) than I had hoped from the TA,
I adjusted my BARC auto sell down to 184 in case the market was getting jittery and losing momentum.
Came withing touching distance of it today!
The other reason for the downward adjustment being the 170 - 172 GAP (28th July) on the BARC TA chart.
DLG gapped up on Monday (302-304), peaked on Tuesday (319), and retraced (302) to fill the GAP today.
Previous TA behaviour suggests BARC may also retrace to 170 to fill the GAP.
Hence aiming to sell at 183 (hoping on Monday) and possibly buy back if the GAP does get filled.
Always DYOR.
Sigma1 “My auto sell exit is set at 189.” Any change on the chart? Any change with your Sell price? Purely out of interest on both matters.
Hope all is well my friend.
kassam83, good luck with your simple strategy my friend. Genuinely hope it works our for you.
Sigma1, thanks for your update, always appreciated by me. Interesting to see our potential sell trigger points are not too far apart. Fingers crossed. Good luck My Friend.
MrA,
SP gapped up this morning on opening,
would prefer to see a slight retrace to fill the GAP before lift off.
Previous examples:
23 Oct 20 - Gap up on open.
28 Oct 20 - retrace Gap filled.
3 Nov 20 - move up begins.
15 Feb 21 - Gap up in open.
18 Feb 21 - retrace Gap filled.
23 Feb 21 - move up begins.
My auto sell exit is set at 189.
Mr A
Well my plans have always been long term. I bought into banking stocks after the financial crash and slowly been accumulating over the years. I considered these as more of a pension fund paying a good retirement income.
Holding a fair bit in Lloyds and some in NWG, need to starting building my NWG stake up
kassam83, Yes… very disappointing close. Almost at the bottom of today’s trading range.
I wagered a dividend of 1.6p and additional Buy Backs of circa 3p and Profits to no less than £2.3Bn. Looks like my guesses were all on the lower side.
Some great posts on here today. I suspect more patience is needed short term for those short term profit seekers, including me. The next few weeks, I would hope with buy backs and other Banks reporting should see further positive movement. The mood I’m in at the moment with my gamble monies are that I am considering whether to place my sell limit order at 186p for the next 30 days and if the price arrives then I’ll take my circa £1,800 profit. Any plans for yourself?
172.76 on my I.G account and 173.35 on CMC, both Mid prices.
Though I try not to use IG much these days as they are frequently holding back retail bank screens, sometimes for 10 to 15 minute outages, then its a ball ache having to explain to some call centre numpty, 'if they answer their phones'
Which gave me no choice apart from leave I.G after many years and go with CMC, just wish I had done it sooner.
Thanks Mr A
Disappointing close
172.76p
https://www.londonstockexchange.com/stock/BARC/barclays-plc/company-page
anyone confirm the closing price....its only showing a 2% increase on HL