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Hi NOVECK. No I closed all my positions Monday afternoon at 4pm. Made a few bob, so I can't grumble. I bought into Metro Monday afternoon. Are you suprised by the Apple results? If you are ever in London? Touch base and I will treat you to lunch. Are you looking forward to the six nations? Atb. Popeye.
Good thanks Popeye - you ?
Still short on the markets or did you close ?
Apple results incredibly good so the euphoria will hopefully push the markets up a bit more today. Profits a massive 10% higher than the same period 2 years ago and the share price has only more than doubled in the last year. It won’t last so I’ll hopefully be able to increase back to where I was on Friday. Metro going well.
Good morning Noveck. How are you today sir?
Crikey posting at 01.33 to try and back up a poor argument - couldn’t you sleep ?
The Lloyds share price had dropped by over 40% in 5 years and has dropped by over 90% over the last 20 or so. If I’d recommended an investment to my clients that had performed similarly and I sat there trying to push the great dividends that were being paid out I’d expect a punch in the face.
Answer the question, will Lloyds or Metro be a better short term prospect for shareholders. You seem to like to dig at Metro holders so I assume you think it’s a basket case and that Lloyds is a better bet ? It hasn’t been since we started the dialogue in the last couple of weeks so what’s changed in your opinion ?!
Nov
'' 40% capital loss in 5 years is still a cr@p investment. ''
Lloyds share price is currently about 20% lower than 5 years ago and 5% higher than just over 3 years ago.
What did you invest in 5 years ago that has dropped 40% ?.
''Are you suggesting that short sellers don’t get things wrong ??? ''
They certainly haven't been wrong with Metro, have they?
Metro down over 90% in the last 2 years
Pound cost averaging, I’d rather get a third of my proposed stake in and potentially lose a little once the risk/reward stacks up than be greedy and miss the boat. 10% dividend (not every year) and a 40% capital loss in 5 years is still a cr@p investment.
Apples and pears, I’m only in Metro recently and for capital growth not dividends.
Are you suggesting that short sellers don’t get things wrong ???
but one bank can currently afford to give a return to shareholders of about 10% a year
and the other zero.
Nov
''What do you think about the short term prospects for the share price in these 2 banks ??''
I don't know and I don't care.
Have been in and out of Metro with a fun fee saving bet.
Waiting for short position to significantly reduce.
Nov
Why did you buy at 57p, when you were waiting for 55p?
Ok, 56.94. I thought you were suggesting that I was being less than honest. A bit pedantic - and my point was that you shouldn’t really have had a sly dig at Metro shareholders recently when in reality the share price went up whilst what you are holding loads of was going in the opposite direction. I suspect my next purchase will be at 53p. What do you think about the short term prospects for the share price in these 2 banks ??
Nov
Quite easy for most to understand. The price didn't go to 56p.
56.something goes all the way to 56.99.
?? Are you implying that I didn’t buy at 56. something yesterday, not sure I understand ?
Nov
''I bought lloyds at 56 yesterday, I don't think I've got the bottom.''
You may have caught the bottom yesterday, but it wasn't at 56p
no reason to be smug longtime - I suggested a couple of weeks ago that Mtro would be a better short term bet than lloyds which you profess to hold £six figures on. If you'd have taken the advice you be up on these and down less on those.. !!!
I bought lloyds at 56 yesterday, I don't think I've got the bottom.
Back in your basket Mr Smug..
Close that short at 550 lad!
Get to work! ;-)
giving excitement to some. Enjoy the moment.