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Where have we heard those same words before..... oh yes .... Fakeland ...... almost as if you are him
We not quite A basket case yet again,and a lot different now to 2008,but if the a cumulative bad debt keeps rising,because of problems with the debtors not there fault covd19 hitting most,then yes lloyds could need major help,and with the billions of shares already in existence this would be extremely diluting dyor best of luck.
Hollybean,
You are right. How close are we to the pre 2008 share price?
Bought all the way down and will be selling next year at 65p +++++++++++++++=
The wounds that have been inflicted here to lloyds could take years to heal,and the sp could take years just to get back to 40p there no guaranty that this will be anywhere near 60p in 12months leccy don't count your chickens before they hatch,aire on the cautious side,but hope for the best of course.
That about sums up your mentally Fakeland rather than just filter Fastened because you don’t like him posting the truth about yourself and your posts you want him to filter you. As I said earlier grow up a lot of fellow posters are feeling the same way about you .....
Fleccy - sorry to hear that (although I know you're down a lot on BT - remember reading you on there already a couple/few years ago - indeed I myself lost £50K there a couple of years ago in a couple of weeks looking for a quick bounce at that time which did not happen and actually went against me - luckily it was all profit from trading Barclays around the same time also - since then been sat on the sidelines due to Brexit and now most recently CV/Covid19 - but then this summer decided to get involved again after such massive drops, etc - now looking at it long-term - indeed the only way to go really even more so now am around 11% down on my 28.35p average (never going to take into consideration that £8.4K profit included in early August)...........!
GL+ATB mate......!
I assume then that Stuart (and some numbers) are also the same - total ramping shxt from all 3
The ones that don’t loose are the ones who don’t listen to the constant rubbish put out on this forum - the sensible ones listen digest and pay no heed to the shxt posted by complete idiots - you know who you are and so does everyone else - your sitting on huge numbers of shares bought at well over 30p IF and it’s a big IF your statements are to believed. Those of us who WAITED and are still waiting I would suggest may have been right ? Yet you still say we are wrong and should jump in now - Tell you what how about you sit looking at the big red loss against your purchases IF indeed you hold any shares and the rest of us will bide our time. Threats on new lockdown - R number between 1.2 and 1.4 —. Buy now if you like or wait and save yourselves several thousand pounds - I have no doubt things will get better but it will get far worse before then - also just as an aside my own thoughts are Barclays are better positioned for a swifter recovery than Lloyd’s but each to their own.
"Fleccy exactly what I did late August - now down some £40K - God only knows what the likes of Falk and BC2020 are down with higher averages than myself (based on owning similar amounts between 1.2-1.3m or so all of us - GOD help us)!"
I'm down more than you, by lots, but I don't worry about it. Maybe my mind works slightly different than other investors, but I don't second guess my investment decisions and I don't mind sitting on a paper loss.
Got to be a decent sign of bottom approaching here, etc especially if MW starting to close that short position finally (as I read on here from earlier - they tend to know what they are doing after all - unlike most of us) - not to mention the other's (hedgies, etc) who are actually (contrary to MW) long on this (can't remember the names now, but several for sure and quite largish also from what I read), etc...........!
Bring on the end of the month and let's get cooking with October - where this will really get interesting for sure - be it 1 way or the other - no 1 knows anything for sure ATM - so here's hoping it starts turning bloody positive at last - like I say - them top Tories in power need to get a riggle ON........!
Patroa1 sorry to be the bearer of bad news falkland investor and bc2020 are the same person
"Fleccy mate you been on the boozer again??"
Explain what i said that's wrong? Are you saying that Covid will never end and Brexit will be catastrophic for the economy? If that's what you're saying, i don't see that myself. The solution to this is easy, just fast track the rollout of a vaccine asap, I don't hold with the reports they need time to analyse the data. In all likelihood, they already know how safe the Oxford vaccine is and it was reported that the UK was paying to have the vaccine produced pre phase 3, they should just go for it. If the press releases, from April this year were correct, there's no reason why the UK can't start mass vaccination next month. Last couple of months the narrative changed, suggesting that vaccinations wouldn't happen until next year, it's debatable which reports are correct.
Since the release of a vaccine for mass immunisation will be market moving, I do wonder if the narrative is being managed by vested interests.
Fleccy exactly what I did late August - now down some £40K - God only knows what the likes of Falk and BC2020 are down with higher averages than myself (based on owning similar amounts between 1.2-1.3m or so all of us - GOD help us)!
Still confident like yourself long-term so holding for now and will probably do so all the way whatever happens quite frankly - come on BJ/Sunak/Frost, etc - we be needing you big time here.............!
ATB+GL especially to fellow LTH's on here, etc..........!
"Come on own up bow many of you got caught out today rushing in to buy those cheap shares,that you thought would reach 40p today,caught in a trap."
What difference does it make? In 12 months Lloyds is likely to be up around 60p at least. Once Covid and Brexit are out of the way, anyone buying now will profit. The ones that'll lose out are the ones who sit on their hands waiting for the bottom, then sitting on their hands again when it jumps upward, as they wait for it to drop again. If people think a share is dirt cheap they should jump in and wait, not keep waiting and waiting for a speculative bottom which may not materialise.
I have an average of 70p but will only average down if it drops to 20p and then seriously buy to hold long-term. This still has room to go lower with 2 major negative drivers.
Hi hollybean,
I dream of being caught out today, was caught out a few months back when it settled in the low 30's
Come on own up bow many of you got caught out today rushing in to buy those cheap shares,that you thought would reach 40p today,caught in a trap.