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Is this the legal and general thread or the RR thread ???
Well done there Trek.
Have been predicting with some success price range movement over on ADVFN BT board.
Been getting slaughtered for my trouble too....lol; some people just don't get it
Sticking to my post here of last week.....
"Looking back at my notes; i bought @ 140.005p on 23 March
....anything 160 - 140 & i'll buy back in for a long term hold
GL all"
M
And now make way for the manipulators..
“another excellent hindsight commentator. Amazing how they all seem to appear after the fact. Never before...”
Lol Stewart! You should check my posts in January when I called short on LLOY, TUI, EZJ and HSBA...
Here’s a flavour from 22nd Jan on HSBA bb at 588p
“Well i’m Short to 551, double bottom on its way may let ride or go long to 5.98. Hsba will drop with the impending travel restrictions it will bring out the shorts and sellers. Sars took 6 months to fizzle out. Don’t wish any ill on folk but no difference to hedging poo based on tensions. Only a small position taken. Gla and hope this is contained.”
Then...31st Jan
“Booom! Just check my SB account and 551 gone. Cashed out automatically 40pts. Probably more to go but leave it for the next person. Mmmm now where to buy? May add some BYOT sticking with the theme.
Or 4th Feb
“Sat on my hands atm here, this market is a dead cat. Trump is using the cv to exact insidious squeeze on Chinese economy but refusing entry to US and electioneering off the back of it oh how they love the protectionism! Peeps don’t realise how bad this is. I mean imagine building a 1000 bed hospital in the middle of Hyde park the weekend and telling everybody it’s nothing to worry about and don’t scaremonger. The bug is out. Bought WSG today and ncyt on the dip. Will go short here again and at BP soon just need these false hopes to peak, missed the long though from 551.
GLA whatever your position.”
You can read the posts including my buys at NCYT at 98p from memory. I was wrong there as I should have bought at 48p! Also bought many other covid stocks in Jan/Feb and folk thought I was nuts!
For sure they haven’t all been winners but most have and I did presciently call the covid impact on banking, travel and insurers pretty well. Travel will pick up with testing but banking and insurers have a long way to go. Buying them at or near the bottom of the cycle is generally a good long term play. Question is where is the bottom. I think around 150. Could be a tad higher or a tad less but it defo wasn’t 200p and no there won’t be a 10% yield!
All imo
Atb
Trek
Trek
Trek
The move has always been short here and across banks and insurers in general. With interest rates at 100bps and negative treasuries looking a reality, markets down, divi holidays etc I don’t see how Lgen can maintain its 9% divi. These guys rely on bond yields and income from investments to pass on as divi. That’s evaporating!
Waiting for it to hit 150 before starting to average in for a long term tuck away hold.
The stocks to buy now are still selective covid plays, Pharma and gold miners. That’s gonna be the case for a while. Just pick up big hitters when the ft100 is on it’s knees!
Usual caveats
Trek
figured as much, fecking wiped 2k off my portfolio on open this morning {rolleyes} between this and others
Most likely yes it’s due to the general market sentiment today and second lockdown fears.
well i didn't see this dip coming... disappointing on no news, is it because the market as a whole is down today?
Lurking, I echo what's been said. Be careful. Thought I was clever topping up a bit at 2.07 and topped up again at 1.92 yesterday. No guarantee it won't go lower. The dividends are paid during a 4 month period from early to late summer so perhaps the next few months could see further slippage during the 8 month period where there is no dividend? I don't understand the fall from 2.30 either but if it's related to COVID it could fall further. Here's hoping Trump and Brexit will be gone by year end.
I've taken profits here and there and am 10% in cash. I prefer to be invested but it looks like more trouble ahead.
Yep, I've topped up. Not like I've got 000's to invest but a few hundred quid extra in it won't be dented if it goes down slightly. Probably only would cost the same as a few pints in Ealing :)
@Lurking
You need to be careful who's advice you take. Nobody (or very few) really knows what's round the corner with investing. If they did they wouldn't be chatting away on this board unless it's from their yacht in the Caribbean.
This isn't advice but a proven strategy...... If you're determined to invest in L&G then you can try drip feeding.
I would hold off topping up, poor general sentiment due to US elections, Brexit, possible second lockdown etc so all shares will drift and possibly sell off due to the uncertainty.
I'm perplexed too LN. If you find out let me know. I've been added regularly but I'm starting to feel I'm missing something.
Only started investing in shares during lockdown but LGEN was my first purchase in my ISA and until the sp slipped down from the 220 it had been at for weeks was still my largest valued stockholding (avg price is now @187). Definitely no expert but can't fathom the reasons from results, dividends, RNS, etc as to why its slipped.
Any fundamental reason why I shouldn't add a lot more to my investment? Gotta be a bounce soon!