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“A Rose by any other name..........”
11/2 - Credit Swiss - Outperform.......
With the divvy locked in you can have these for 206p. The other big Bank’s results will determine the way forward and this time next year, when they up the base rate, HMG will be selling at £3 to £5.
Yes reasonuable results - Divi very poor - hence SP - Alison a little naive?
Yeah - this is now how markets works unfortunaly in this day an age
Gone are good old days where strong result get announced, sp responds accordingly and goes up and then you have a spate of profit taking.
Unfortunately, shorting is now big business, especially in this high tech algorithmic world , where MMs,can control shares with auto bot trading and can manipulate price on any sing of negative news.
You will also find in most cases, sp drop are far more steeper than rises, so a much more lucrative practice if you can manipulate the sp as a market maker.
Banks are an easy target, as there market knows the economic climate is challenging, so no matter how good the news overall is for fundamentals it just takes one small piece of negative news and this will be enough to be used to manipulate the stock.
The other factor to note that is more likely on a decline of sp is the activation of stop losses if the MMs can auto trade the price down. It is far easier to instill fear in the market in the banking industry and therefore likelihood of stop losses are high and if they can move the sp down enough these will trigger an even lower fall.
So the MMs will pump the price sp in run up to results to give the impression there that results will be good and and a further jump post announcement very likely and this attract the buyers and then as soon as the results come out , the will look for anything. I matter how small that is negative and magnify to cause decline. His will produce the biggger profit on the short play. Then if news over all is strong , they will have brought the sp low enough to make going long more attractive, and then there will be a gradual gap up, so the MMs win both ways
This is now hiw high tech trading worlds works and you will find the the best longs are then ones that have had a previous run of shorting to bring the piece down low enough for a successive climb of sp. This is obviously with all things being equal and fundamentals of business are sound.
If big shorts positions are involved plus shorting activists this is a different matter altogether
The experts were expecting the dividend to be 1.5p higher so the price crashes by over 8% at one point, still trying to get my head round that one!
SNAP.....through thick and thin. No point in selling as long as there are dividends. Bottom drawer till 2026
GLA
I have been an RBS holder since Jan 2009. I purchased a week after they were as low 11/13p and paid 22p. Now ten + years on they are back to 2009 crash prices.
Unfortunately for me , i got greedy added along the way at 30p, 40p and even 54p. Hence sitting on a significant loss.
These have been an absolute basket case of a toxic share which for some reason I have became attached to and cant let go.
So for me, this dividend for the 2019 results (22p) is a much welcome sweetener to the self inflicted turmoil RBS have put me through.
My only other share which pays a divi is LLOY has far outperformed that in 2019 in terms of yield.
Long may this divi continue, in 15 years time my paper losses may be compensated.
good luck to all RBS shareholders (we need it)
Be monday brokers verdict.
Ought to be a good buy in price here. £2.50 coming some time this year....
Be a good week for bank's next week.
Anyone got an updated broker forecasts after today's results?
And its still a piece of ****. It should have just been broken up slowly. Since Hester left the people running the bank have been fairly talentless. There is no value in this company and no prospect of it improving. It can change the name above the door from RBS to NatWest, but the issues will remain.
# Trades 17,943
Lasted trading stats
Buy volumes comfortably ahead of sells. Sentiment with results are strong, mark my words.
This will setup sp,strongly for next few week at least until ex- divi date.
HSBC is also,expecting to announce strong results, so banking stocks in general will be in positive sentiment and any other noise linked to,individuals,of the companies is purely a short term distraction
Vol. Sold 16,304,819
Sold Value £35m
Vol. Bought 21,896,616
Bought Value £47m
Im looking for 275 by April all things being equal GL
RBS has been ranging from Oct 2017. There's been no breaks to establish and uptrend, and today's news reinforces the last test of resistance at 260.
230 was also resistance at its 200 weekly moving average, and for me its heading to 180 before any likely bounce. Not a day to buy in my opinion. DYOR.
I'm not one for the banking stocks as they are normally pretty boring but todays reaction was too good an opportunity to ignore. First time holder here and I suspect many now on the side-lines will rebuy when the dust settles and this starts trending higher again.
Latest trades stats
# Trades 13,291
Vol. Sold 12,792,110
Sold Value £27m
Vol. Bought 16,880,775
Bought Value £35m
Buys outweighing sells.
Stock simply going down due MMs pushing temporarily shorting stock to maximize gap up and using the on,y piece of negative news on the tradinguodwte that 2020 will continue to be challenging in margins especially if likelihood of a base rate decrease goes up and also whether there could further job cuts announced as a result. Still pure speculation and baseless for this share drop
Results are strong, foundations are strong and this stock will rebound from next week and move upward for next few weeks.
I’ve got in at 215 and now. Will target 260 short to mid term
Just picked up a few more
https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
In at 2.09 and 2.13 and still dropping FFS
My light was flickering, so got a stash GL All
8p, is that all? i'd be hoping for a rise in SP greater than that before ex. divi date (just bought in again today). Maybe even up to 275. What do you think?
Got to be a buy - suspect algorithms are driving it down. Excellent profits, legacy off the books - I'm buying more
Uncertainty; yes results were good but the markets are not convinced RBS can deliver going forward. We need to see an interest rate rise to get bank shares moving IMO.
I really do not understand the market reaction to this. I feel like it could be an opportunity to buy more.