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opps nearly 30pts now
your short must be down 20pts....oh dear
RSI at 80 now. This won't continue going up at this rate.
Getting desperate..........whats that smell. Price gone up 25p since that.........think deutsche need to worry about themselves tbh......
Standard Chartered PLC (LON:STAN) remains a sell for the analysts at Deutsche Bank, even though they have upped their target price on the Asia-focused bank. Indeed, even with the share price upgrade, the broker still sees 24% potential downside following the substantial share price outperformance this year against the major share indices. This is unjustified, reckons Deutsche Bank. Standard Chartered may be geared to higher US rates, but higher revenues are already in the price and the market’s view on cost reductions is too bullish. Deutsche has nudged up its target price by 45p to 600p, but the rating remains ‘sell' even with the outside chance of a bid.
hsbc update 21st feb........standard charter feb 24........prob the rest possible period to be short imo, gs are no mugs and when they say 1000p, they passed their 740p
whats ur price and stop loss.....??
Happy to wait for the turn around and will add more if it goes higher.
How your new short doing
Closed out my last one here in profit. RSI overheating once again - time to take profit.
you dont seem good at it .........goes the opp for you.
what price your short..........pmsl when 1000p
opened again here. GLA
attack,,,,
I don't do all that technical trading stuff stuff, just basic valuations, and neither do i pay any attention to analysts reports. i reckon £7.95 on the assets BV re-rated t, lloyds has a higher BV rating currently , and lloyds assets are in £gbp not kitchen sinked US$. profits, I only see regulatory fines declining to make any difference short term, we need higher US$ interest rates to make some proper money at this bank, that should then take it higher again All the above depends on confirmation that the turn around plan is working this time next month is working.
yep scott the child seems desperate to influence blowing their bags here. come on scott hope you aint losing too much here..
Scott1984 LSE troll look at his history.......ignore.
where would you look to add mate?
worry though for the time being is the RSI level, showing heavily overbought. Wait for that metric to cool off before adding.
THE MACQUARIE REAFFIRMED “UNDERPERFORM” RATING FOR STANDARD CHARTERED PLC (STAN) Standard Chartered PLC (LON:STAN)‘s stock had its “underperform” rating restated by research analysts at Macquarie in a note issued to investors on Thursday. They presently have a GBX 550 ($6.87) target price on the stock. Macquarie’s price target would indicate a potential downside of 14.01% from the company’s previous close.
Tbh though, this has done 100% in the last few months and is now hugely overvalued, due a correction, back to 500p I'd say.
I 100% agree with the comment about Brokers - these so called experts simply don't know. I also have some Vedanta shares which took a pounding last year (as did most commodity stocks) interesting how the same Brokers just about wrote them off, and yet today, Ved are around £10. Ignore the brokers and follow your own feelings - whilst I do get it wrong, I don't claim to be an expert. GLA
09-Jan-17 Jefferies Underperform 330.00 348.00 Reiteration 12-Dec-16 Barclays Underweight 301.00 330.00 Reiteration 07-Dec-16 RBC Capital Markets Underperform - 300.00 Reiteration
Shorters paradise here - RSI well over 80, poor outlook for global economy, markets overvalued...yum yum