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LTI,
This is lloy new peak , you'll learn eventually , you don't buy on a peak .
Just keep averaging down .
Xx
J46
''I'll see my 23 p before your 40 !''
From a man who gave Lloyds a valuation of 48p when Covid 19 was hitting us
J46
05 Mar 2020 17:21
'' When I deem price is right I will throw £2M @ lloy .''
It hit his 48p valuation (with WTO) but didn't buy. No matter how low the share price, he will always predict a new lower low, meaning he will never buy a single share. The main reason of course is he hasn't a pot to pizz in to purchase shares in any company.
Falkland,
"I see some villages are looking for i****s again , "
What village would that be ?
We are told the gene pool in Port Stanley is too close for comfort . One presumes your persistent yawning is a bi product of this predicament .
I'll see my 23 p before your 40 !
NO
They were ALL averaging UP purchases
J46
Were the last 5 following purchases of mine of National Grid, averaging down purchases?
30/07/2018 @ £8.1418
10/09/2018 @ £8.0956
14/09/2018 @ £7.9814
19/09/2018 @ £7.8870
09/07/2020 @ £8.5933
J46
The more you repeat yourself the more stupid you will appear
''You did tell us lloy was impervious to Global events ''
We are STILL awaiting the reference to a post where this is said.
For the Nth time, I have not been averaging down for 4 years.
We are STILL awaiting the references to posts over 4 years where this is said.
''Exactly , not on a peak ''
J46
17 Feb 2020 23:01,
'' WTO it is , in which case lloy is only worth 48p in that event''
This at a time when we knew that the UK was going to be badly hit by Covid 19 and you gave a worth on Lloyds at 48p if we traded with the EU under WTO.
Have you started back at school yet?
Apparently I purchased in the 70's according to you (awaiting reference).
I have recently purchased at under 28p. Now supposing I had bought as high as 70p, and supposing I had averaged down for the last 4 years. Most people could guess at my having therefore a current average of about 50p. According to you the capital value of my shares is currently 60% lower on what I paid. A 60% fall from 50p would require a share price of 20p.
Clearer as I have pointed out already what you say simply doesn't add up . Hope the schooling improves things. By the way with recent trading my average price is a lot lower than 50p.
LTI,
"Best time to purchase shares can be when Armageddon is predicted"
Exactly , not on a peak as you've been doing for 4 yrs , hence your averaging down . Have you finally come round to my way of thinking ?
You did tell us lloy was impervious to Global events . Are you clueless , a Walter or full of BS ?
See you @ 23p .
Being the master of averaging down , don't change your habits .
You'll be in profit eventually .
Xx
Best time to purchase shares can be when Armageddon is predicted.
jen1800, cheers for post...
A bleak outlook for the British economy means I think investors should avoid FTSE 100 banks Lloyds, Barclays and RBS. The domestic recovery is proving to be extremely weak and this casts a huge shadow over these UK-focused companies. The likes of Lloyds could witness an explosion in the number of bad loans in the coming quarters.
Britain’s companies are sitting on a debt time bomb that threatens to explode. There could be as much as £107bn worth of unsustainable corporate debt in the UK by next March. That’s according to financial services lobby group TheCityUK. And more than a third of this is held by small businesses.
Lloyds and other banks have already stashed hundreds of billions of pounds away to cover Covid-19-related turbulence. It’s probable that they will have to go to the well to draw out more eye-popping provisions to cover the cost of the crisis. And they face significant long-term problems like low interest rates and rising competition too. I’d avoid these FTSE 100 shares at all costs.
"A bleak outlook for the British economy means I think investors should avoid FTSE 100 banks Lloyds, Barclays and RBS. The domestic recovery is proving"
https://uk.news.yahoo.com/want-rich-retire-early-d-080123896.html