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Certainly a quick and confident recovery back to gates of 500p ..question is whether it can push the gate open and advance...
Do not knock it - I am not in STAN but it is great to see you guys recovering today Regards all and GL with your rocketing SP
How can a Broker issue an effective downgrade the day Stan (at the mo) is up 7%. They really annoy me with their "opinions" - come on Stan, prove them ridicolously wrong.
I see Nomura downgraded STAN this am moving their price target to 450 from 480.oooops as we trade at 497p. Timing not great there.
Selling 50% into the rally here. I don't see any other news other than Nomura upgrading Lloyds and European banking shares rebounding in general ( even CS dog). JPM news proving how good the U.S. banks are in shape relative to European names. Anything driving the spike ?
Booked another 15 points. Reasons: very volatile climate, which may continue, especially if indices reverse later. Only 441 seen yesterday. Target reduced as need to be out & limit sell order higher up might not be reached, etc. Satisfied enough. 93+ pts taken overall from STAN recently. Be back on any reverse. - GLA.
PS: Academic point, but just totted up my STAN trades & 78+ points taken (not 74), so a bit better than I thought. I'd gladly settle on circa 25 pts on this trade. - Catch all tomorrow.
Poker, Thanks. As for SUF take a break? Banks may fly! ;o) Jesting aside, despite his occasional obvious disappointments, I'm sure he really thrives on it, if only from letting off some frustration in an environment were many readily understand something of the challenges those holding huge paper losses go through. A stiff test of temperament. Besides, would't we miss him if he took too long a break? Best of luck too! US indices flying again. If Asia follows, we may get close to 480+ sooner than seemed likely only recently. - Catch you later.
Jack, I am doing the same ..trade within a range...sell...take a view ...as you say things can change fast.. I like rewards but I understand "consequences" of getting things wrong so staying fairly disciplined at the moment Good luck, to you and try and get SUFCESSEX off HSBA for a break !!
Hi Poker, Thanks. Well done on getting in just above day low of 441. We all need some luck, but still my respect. Taking nothing for granted, I've remained calm about my latest buy here, knowing all too well I never buy the lows or sell the highs. Ditto all my previous STAN longs. Whilst taking 74+ points from STAN (all live trades) over past few weeks is merely decent, key thing for me is trying to stick by rules. Namely, don't over-leverage chasing market & don't dally with leveraged targets in volatile stocks. We know things can change fast. With real shares, I'd probably dig in for much higher, but I'm invested elsewhere. Agree re China, et al. Though I also think some of the selling seen across banking sector may be sentiment-driven & overdone, with most negatives priced in. Plus, Fed's slower rate-rises policy is benign to EMs & commodities, which is also good for STAN longer-term. I stated as much on HSBC when all banks were down. Hence we're also seeing some VG bounces for those who can get in near lows. Agree re estimated targets. Circa 480 to 485 is mine. 500 was recent high, seen intraday on 8th March, but I doubt we'll go past that for some time in current climate. Besides, I'm not overly concerned about catching highs, just steadily growing my SB account. To that end, so far STAN has been relatively good for me. - Regards & GL. PS: May be out tomorrow for a spell, so if we do look like recovering more later, I may open a limit sell-order at circa 485 in case it's seen when I'm out.
I think anything below 450p is a buy and trade up to the 480-490p. I jumped back in at 442p, just lucky more than anything. Financials very nervous at the moment., lacking any real direction. US inflation picking up but too many of the job created are lower paid service jobs. It is the minimum wage that is pushing up inflation on basics rather than eal economic prosperity growth. China appears to be cutting back still. What could help China, funny enough is big success at the Olympics
Reasons: recent dip here due to macro-factors again. Namely, poor recent data from Asia & some commodities dropping back. But a lot of negatives may be priced in for STAN at these levels. Target uncertain, but at least 480+ satisfactory. - GLA.
My apology for previous typo in thread title as I didn't see the missed "t" when submitting. Now corrected. - Cheers! Hi Fruitster, Thanks for your comments. Also, kindly excuse belated reply as was away from my desk a good spell since last post. Well done with MRW's! IMO, wise to book some profit after any strong rise in voltile climate. STAN has been okay for me for S/T targets. But I'm unlikely to re-enter again too soon unless it retreats some more as using leverage. I agree with you. IMO, commodities may have bottomed out, though future recovery likely to be bumpy, with more blips. Consolidating recovery is another matter & why timeframe for greater recovery remains questionable. Especially if future Asian growth data, & that of other global economies, are worse than estimated. - We also still have over-supply issues with many commodities. It seems there's only so much that more central banker intervention can do to boost global growth. As you say, next 12 months may be difficult for all investment banks, though that's not to say there won't be more upward spikes in SP. My biggest reservation in short-term is this: though key indices in US & UK have shown VG recovery recently, the banking sector remains mostly divorced from joining the rally. Despite some recovery in SP since recent lows, even these levels are, as you say, relatively low. I agree that anything under 600 seems cheap for STAN if buying to hold for L/T targets. Naturally, I'd only accumulate positions in any bank (ditto most stocks) with real shares. Leverage, as I use here, carries greater risks if it goes wrong. Thus latter option used mostly for shorter-term trading targets. Besides which, I've enough invested with real shares in BARC & HSBC, considering existing challenges across this sector. For now, little seems certain but that more volatility likely for foreseeable future. Following recent trends, I'd be surprised if key western indices don't sell off again later on; probably within months. When that happens, I would hope that banks remain equally divorced from any downward correction, as they've been from the recent rally. That is, that most negatives really are priced in. Though, IMO, they probably are priced in, that's no cast-iron defence against more sentiment-driven, irrational market behaviour taking things down again later. I agree that this & all banks will be much higher again in future. But I'd only invest L/T in any sector with real shares, never with leverage. - Regards & GL as usual with all your investments!
Hi Fruitster, Thanks for your comments. Also, kindly excuse belated reply as was away from my desk a good spell since last post. Well done with MRW's! IMO, wise to book some profit after any strong rise in voltile climate. STAN has been okay for me for S/T targets. But I'm unlikely to re-enter again too soon unless it retreats some more as using leverage. I agree with you. IMO, commodities may have bottomed out, though future recovery likely to be bumpy, with more blips. Consolidating recovery is another matter & why timeframe for greater recovery remains questionable. Especially if future Asian growth data, & that of other global economies, are worse than estimated. - We also still have over-supply issues with many commodities. It seems there's only so much that more central banker intervention can do to boost global growth. As you say, next 12 months may be difficult for all investment banks, though that's not to say there won't be more upward spikes in SP. My biggest reservation in short-term is this: though key indices in US & UK have shown VG recovery recently, the banking sector remains mostly divorced from joining the rally. Despite some recovery in SP since recent lows, even these levels are, as you say, relatively low. I agree that anything under 600 seems cheap for STAN if buying to hold for L/T targets. Naturally, I'd only accumulate positions in any bank (ditto most stocks) with real shares. Leverage, as I use here, carries greater risks if it goes wrong. Thus latter option used mostly for shorter-term trading targets. Besides which, I've enough invested with real shares in BARC & HSBC, considering existing challenges across this sector. For now, little seems certain but that more volatility likely for foreseeable future. Following recent trends, I'd be surprised if key western indices don't sell off again later on; probably within months. When that happens, I would hope that banks remain equally divorced from any downward correction, as they've been from the recent rally. That is, that most negatives really are priced in. Though, IMO, they probably are priced in, that's no cast-iron defence against more sentiment-driven, irrational market behaviour taking things down again later. I agree that this & all banks will be much higher again in future. But I'd only invest L/T in any sector with real shares, never with leverage. - Regards & GL as usual with all your investments!
Settled for 14+. Reasons: though I think 500 again very doable, closed mostly because we've gaps at 431+ & now one from 448+ from yesterday's close (opened 459). Those may be fillable when next macro sell-off takes hold. Hard to be sure in such extreme volatility. When in doubt... Also need to be out for day. - GLA.
Back in yet again purely for short-term trade. Target circa 25+ points. Reasons: banks giving up a lot of gains since today's ECB/Draghi comments. However, this was 500 only 2 days ago. Selling might be overdone, so worth another long. - GLA!
Standard Chartered was also among the fallers, down 2.3pc to 469.5p, after Investec reduced its rating to “sell” as it expects the bank will be loss-making in this year.
Another worry to sort out? Anybody invested in a UK Bank should read this article in the Evening Standard, Tuesday 2nd March. Bank Sort code changes -'The potential for cock-up is enormous & the banks will have to provide indemnities against any errors they make for years to come.'
Same price and sell recommendation . Nothing new .Still same rubbish analysts
<b>Standard Chartered : We have launched an exclusive investment opportunity for high net worth clients</b> 03/03/2016 | 06:58am US/Eastern Standard Chartered announced the launch of its Pegasus Series programme, which offers private banking clients an exclusive opportunity to invest in leading private investment funds. With rising volatility in the investment landscape, high net worth investors who are able to take a long-term view are looking to private equity as an alternative asset class to diversify their portfolio for higher returns. Anna Marrs, CEO, Commercial & Private Banking, Standard Chartered Bank said: 'Over the last two to three years, we have seen growing interest among our clients - particularly family offices across Asia - in private equity as it becomes increasingly challenging to earn a decent yield from the public markets in today's low-interest rates environment.' This programme also offers investors the opportunity to gain exposure to industries and other asset classes that may be difficult to access on an individual basis. 'Not only are we able to provide this access at a substantially lower investment point, our clients can also leverage our partnerships with best-in-class managers to capitalise on opportunities that typically require a complex knowledge of the market,' noted Stanley Sia, Head, Private Equity & Real Estate, Group Wealth Management, Standard Chartered Bank. Anna Marrs added: 'This is part of a phased approach through which we offer our private banking clients a series of unique, customised and exclusive offerings to remain relevant to their needs. Particularly for the entrepreneurs across our footprint who are pre-disposed to external volatility through their businesses, we see this as a value-added solution to help them successfully diversify and grow their investment portfolio.' For further information please contact: Josephine Wong Manager, Commercial & Private Banking Communications Standard Chartered Bank +65 6596 4690 josephine.wong@sc.com
hi Mick, agreed, Bollinger Band showing a clear W. But RSI around 80 on a 5 day analysis. Thinking of a near term entry of 440-450. What do you think?
<b>Standard Chartered PLC 64.8% Potential Upside Indicated by Berenberg Posted by: Katherine Hargreaves 3rd March 2016</b> Standard Chartered PLC with EPIC/TICKER LON:STAN had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Standard Chartered PLC are listed in the Financials sector within UK Main Market. Berenberg have set their target price at 750 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 64.8% from today’s opening price of 455 GBX. Over the last 30 and 90 trading days the company share price has increased 22.3 points and decreased 73.6 points respectively. Standard Chartered PLC LON:STAN has a 50 day moving average of 480.90 GBX and a 200 day moving average of 728.97 GBX. The 1 year high stock price is 1109.8 GBX while the year low share price is currently 373.4 GBX. There are currently 3,247,903,705 shares in issue with the average daily volume traded being 11,277,938. Market capitalisation for LON:STAN is £14,985,827,497 GBP. Standard Chartered PLC is an international banking group. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. The Bank’s segments include Corporate and Institutional (C&I) clients, Commercial Clients, Private Banking Clients and Retail Clients. C&I clients segment consists of Global Corporates, Local Corporates and Financial Institutions. The Commercial client segment serves medium-sized businesses who are managed by relationship managers.
<b>Chart of the week: This bank share could double By John Burford | Mon, 29th February 2016 - 11:07</b> Chart of the week: This bank share could double Today, I have two classic examples of the potential for big trading gains when you adopt a contrary stance once bearish sentiment has plumbed new depths. First, I will cover Standard Chartered (STAN) shares, which have been hammered in recent months for the well-known litany of woes of falling commodity prices, an economic slowdown in Asia and an urgency to sell off unprofitable businesses. But it is the stand-out chart pattern I wish to draw your attention to. Has Standard Chartered reached its low? The bad news about Standard Chartered probably reached a climax on Friday when Standard & Poor's (S&P) placed the bank on negative watch. Previously, it was judged stable with a rating of A+. That means that the next time it is reviewed by S&P, if its rating is lowered, it would place terrific strain on its ability to raise funds as cheaply as its competitors. But the really big hammer blow came last Tuesday when it reported a mammoth $1.5 billion (£1.1 billion) loss for the year compared with a $5.2 billion profit the previous year. That was some swing, and it hit the shares hard with a 10% decline that day. Since then, the market has recovered, so my question is this: was that plunge last week the final selling exhaustion of stale longs who finally threw in the towel? Are there any more of these holders who are waiting in the wings to unload? Or are the new buyers very astute and see the shares recovering as costs are being pared while commodity prices appear to be rebounding? As always, I look to the charts for answers. Here is the weekly chart showing the huge bear trend since 2013 from the 1,800p level down to last week's sub-400p low. http://content.screencast.com/users/marketsniper/folders/Default/media/0b894d9f-1242-423a-bf4e-674f2c201171/standard%20charted%202.jpg The two features that stand out for me are these: the lovely declining wedge going into the lows with the huge momentum divergence. Remember, a significant momentum divergence appearing after a lengthy trend (up or down) is a sign that the trend is very likely coming to an end. That is potentially a very bullish setup. Here is the latest action on the daily chart: http://content.screencast.com/users/marketsniper/folders/Default/media/83141fbd-04fe-4a21-adbe-06c7e227e023/standard%20charted%203.jpg This chart shows up the classic declining wedge pattern that contains a complete five-wave sequence complete with its own large momentum divergence. The market on Friday closed on the day's high touching the upper wedge line. Outlook If the market catches a bid and moves above the upper wedge line, that would help confirm the trend change to up. My first target becomes the 800p level, which is the wave four high (a common target). But, to activate that target, I ne
Final buy here closed at 488.16 for over 21 pts. Poor original entry & took longer than I anticipated, but today's strong rise sees me out as markets may remain volatile later. Plus I've never regretted a profit. FWIW, that's over 64 pts overall from STAN, so satisfactory enough. - GLA.
http://www.iii.co.uk/articles/298325/chart-week%3A-bank-share-could-double Outlook If the market catches a bid and moves above the upper wedge line, that would help confirm the trend change to up. My first target becomes the 800p level, which is the wave four high (a common target). But, to activate that target, I need to see a rally above the 460p level. If the market fails to move higher and instead moves down towards the lower wedge line, odds are high that the support at that line would be sufficient to stop the rot and put in a floor.