Member Info for CSDI1962

I can't think of a better way for LLOY to waste money.

Just look at the SP - how it has failed to make any progress recently despite the huge amount spent on the buyback.

Give me a divi any day - even if the SP falls to compensate. History shows divis make a major contribution if they are used to reinvest and generate compound growth, as you get more shares ex div with a lower SP.

The current £2B buyback program could have paid another nearly 3p divi on 70B shares.

Just my opinion - and I know LTI and other fans of the buybacks will disagree.

Cheers - C

It's certainly the better option for any buyer looking to accumulate a holding.
No good for selling though.
Remember the secret wizard of the Stock Market is called "BLASH"

Zebbo

did i read an earlier post of your's that said:

"Some people have no idea what they are doing....just gambling.

Read up on insolvency and see if you can work it out"

so going £200 pp short is not gambling eh ?

Really difficult to understand/trust isn't it ?

Good luck - whatever way you make your profits.
It takes two to make a market and nothing wrong with opposing views.

Cheers - C

Zebbo

Did you use a stop loss or are you still in here - short @ £200 pp = £10K down so far (from 221 estimated starting position).

So what to do now then ?

Most traders have a stop/limit for exiting a trade.

If the position was reversed. i.e like me buying at 332 originally, we top up on way down as I did last week at 263p.
I missed the boat this morning as thought it was too risky here and put my little fund into PSN - what a shame as missed about 35% rise in the day. Still I am not likely to add to my (long) position, so expect to sit out for a few months at least.

Do you have funds to average up your short position if you think the SP will fall back, or do you just hold and wait'n'see ?

It's a big decision when you use leverage, and is the main reason 70% of PIs lose, as the levraged position is far greater than a traditional 100% holding.

Good luck and I trust you have a plan to manage this position.

Cheers - C

Hi Robleo

I decided to join your party, with a small addition at 2139p this morning.
So now got average cost of 2277p, with the recent divi covering 65p of these costs. (£1.25 on about 52% of the my shares). I am counting on the 110p summer divi to give this a boost and that the 2083 (52 week low) level holds as support.
Fingers crossed.

I sold 1/3 of my LLOY shares to move into this, so have a pretty even amount in both now, at around 35% of my little ISA.
My other share in POLY is having one of those "Alton Towers roller-coaster ride" days. Could have made 30% in 5 hrs if I had gone with my initial idea of selling LLOY for POLY, but thught that was too risky LOL.
Typical CSDI choice
ATB - C

Zebbo - what nonsense

You cannot go "short-long"

either you've shorted
or you've gone long
or just spinning a yarn

If you've gone short you have unlimited potential losses and at £200 pp that could be interesting.
Of course you could max a profit £44K if shorted at 221p and the share gets wiped out.

Not sure I want to wish you good luck as I am holding at average cost 312p.
It's a binary position for me - where I could lose the lot (only £1K invested) or hopefully make a 3 to 4 bagger.

Certainly would not risk spread betting with all the leverage involved.
According to CMC and IG over 70% of retail punters lose money.

LTI - Just for the fun of responding.

I think I will agree to disagree with you.
There were two banks before the formation of LBG with a far greater combined market cap.
Lloyds was 550p per share in 2007 when I first bought them, before 37p rights issue in 2009, and other consolidations.
I consider that to be considerable value destruction.
Today is a different matter and yes I agree the banks are in better shape now, but whatever happens, that original purchase lost over 90% of the capital invested there. Hey ho.

That investment was in a SIPP which started in 2007 and by Feb 2009 the whole SIPP was showing a loss of approx 66% !!
Hence I call myself CSDI.
Luckily I managed to recover most of the losses and cashed it all out in 2017 when I got to 55, with a tiny overall loss.

Now my investment is in a new ISA, only a tiny amount, for a bit of fun for which I am hoping to trade into enough to take Mrs CSDI on a special holiday for her 60th in a couple of years. Fingers crossed.

Good luck - C

This thread is for LTI & HU to carry on arguing over the Buyback

Foolsgold

1.33p per share

LTI & HU

Any chance you can change the effin' record ?

You two have done this to death - on soooo many different threads - now give us all a break.

Hi Caravan

Volume is pretty low atm.
Last week was 33m (ave 6.6m per day) and we are only at 4m this week after a session and 2/3.
Last month was hitting bw 10m and 20m most days, with a few just under 10m.

Lower volume is often the time for bigger moves.

Would be nice to finish blue today.

GLA - C

oops error with line 4.
I was looking to sell at 50p (not buy) and buy below 45p.
I am sure I had written something more precise, but it appeared on here differently. Umm must be losing my marbles.
Cheers - C

M-a-m
Thanks for that.
It has helped me revise my trading plan a little.
I was looking at buy 50p.
but have tweaked a little and reduced my first target to 48p, which still would give me my 10% target profit, thanks to the divi. My second target/batch will stay at 50p and my 3rd target is to hold for 60p.
If I can sell at 48p, then that allows me to buy back a batch if the SP drops from there.
fingers crossed we can climb back to 48p to get my party started.
GLA - CSDI

CWW - Are you in or out or shaking it all about ?

Fridays posts:

13:07 - This is worrying. Think I will sell out while I can

17:05 - In POLY & POG. Cant complain about POLY´s finish today. all in all holding up well in anticipation of a decent rise in the coming weeks. POG was raped at the bell..... Fín ridiculous and I am sure not legal.

LTI & TOPHAT,

Thanks for your comments and feedback.
Let's hope our investments/trades work out - and we can all make a few bob.
Hve a good W/E

Cheers - C

Hi Rob

I'm looking at 127.5 for next week - a bit of a Mikey ski-slope to allow Dan to get another trade purchase.

Cheers - C

CWW

Just trying to underdtand your position

13:07 - This is worrying. Think I will sell out while I can

17:05 - In POLY & POG. Cant complain about POLY´s finish today. all in all holding up well in anticipation of a decent rise in the coming weeks. POG was raped at the bell..... Fín ridiculous and I am sure not legal.

Hi Suf

Good luck with sticking to your guns.
Let's hope LLOY goes well. I don;t believe it is worth holding forever, but happy to be proved wrong.

BTW - Stephen Bland's HYP philosophy is NOT for trading at all.
It is a buy and hold forever, which is unpopular with the traders.
It takes more discipline and strength of character not to meddle around.

Cheers & good luck - C

Hi Suf

If you are looking for income why not pick something with a higher yield - any of the insurers or house builders.
Maybe some funds/trusts like ASEI, NCYF, SUPR, HHI, IUKD etc
I think Stephen Bland has written extensively about investing "purely" for income over the years. Maybe take a look at his High Yield Portfolios and his rules for creating a diversified portfolio.
I've got PSN as a high yield share, together with a very risky share in POLY (current divi > 10% p.a) and just sold DLG which is a favourite share for income chasers.
Cheers - C

Fred knows his onions from his rubble - well done sir - you pipped me by 0.04 of a penny - I feel robbed by the rubble !

As for next week, now that is a different story and by my magic ball I sense a roll down the Mikey ski slope.
I guess we fall back to 127.5 - but only to allow Dan to repurchase another batch for trading.
Meanwhile my hands (funds) are tied up with LLOY, PSN and POLY so not expecting to get my hands on any VOD shares for a while.
Good luck everyone - C