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Looks likely. US banks slammed yesterday and same again today.
10 years time the next recession is the only way the 43.57 gap will get closed
48p on monday. 54p by end july.
How low will this go?
Are we going to fill in 43.57? It would be good for the long term if we could fill it in.
Next stop 43 ha'penny ?
Nash2020...
https://simplywall.st/stocks/gb/banks/lse-lloy/lloyds-banking-group-shares#ownership
DYOR
Nash
It was a joke in response to your thinking that institutions are dumping Lloyds.
I would think a drop from 50p to the current level maybe getting close to where any profit taking will take the share price. Current level is not overpriced if the first quarter results can be built on in Q2.
I will put an order in for 29.95 if the share price ever went down to 31p.
LTI
"Putting in SB order at 29.95"
In my opinion for this order execution the pandemic situation needs to worsen a lot or atleast equal the peak.
IAG maybe flying 20% of its planes but it is till hovering around 50% of its peak price.
In the case of Lloyds the banking operations never ceased but the share price is below 70% of its recent time peaks.
I think Lloyds should reduce the floating stock through buy back rather than paying out dividends. This should translate into some realistic valuation of the Bank.
Lloyds has a beta of 1.55 which makes it very sensitive to the market sentiment.
Nash
Putting in SB order at 29.95
LTI
I meant profit taking or in other words position liquidation.
Nash
''prime targets for liquidation.''
You on the Peroni as well?
EU will implement Basel3 end of this month and than USA will follow.
What I understand is that naked shorts will be banned and CAR will be increased for all intermediaries.
In my opinion all the commodities valuations will be readjusted to more realistic prices. I strongly feel that majority of the commodities have been artificially under priced by short sales. Majority of these short sales have no physical commodity secured against it. Additionally, the pricing does not reflect the supply chain issues (mining) and the pent up demand in some sectors as a consequence of the pandemic.
To cover these shorts majority of the institutions might dump stocks across the board to fund the covering.
Majority of the banks including Lloyds have had a decent run in the last 12 months therefore they are prime targets for liquidation.
dc
obviously it affects your thinking
Peroni
DC
'' at least it will contribute to helping with reducing co2 emissions not having to use the lawnmowers''
I think what comes out of your A r s e after grass digestion would be a a much larger contributor to greenhouse gasses.
DC
Maybe you should try linking a level of Lloyds profitability to a 60p share price.
Hollybean
"have a good day 38p here we come."
I think I read, your average was 43p. I take it, you sold 50p ish when you had the chance?
Can't see why all the excitement and focus on 38p unless you already sold near the top.
For what it's worth, I took more profits @ 49.94p the day before 50 was broken for ten minutes.
ATB
dc
'' Lloyds to get to 60p this year the Dow Jones has to get to 40000 no chance ''
What have you been drinking?
Hollybean I think I will have to get the train down to London from Manchester and meet falky at Hyde Park and help him with all the grass at least it will contribute to helping with reducing co2 emissions not having to use the lawnmowers
No chance for Lloyds to get to pre covid levels of 60p Dow Jones at about 33600 Lloyds is at 47p for Lloyds to get to 60p this year the Dow Jones has to get to 40000 no chance it is going to be a struggle for 35000 again this year
Falkland,
Try the inverse route! Say you will eat the grass inn Hyde Park if the SP goes over 60p!
Dividendchaser to be fare ,I think you should join them too as you didn't think it would drop either ha ha have a good day it's rolled me over.
Ok Falkland and Dave b get yourself down to the park and falky put your teeth in,ha ha,ha ha can't stop laughing made my day ho ho ha ha.
To late, now 46.96! You jinx the SP every time you say you will eat the grass in Hyde Park if SP goes below a certain level!
Falky Dave 17p now them were the days,I bought in my last tranch for 24p,don't think things are going there again but never say never,the titanic was also unsinkable, I think that you and falky as a brace in Hyde park will be big news in the city ,have a good day 38p here we come.