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Wow, closed 5.39% up over the pond, nearly at the 12 month high. I still agree with Jack that the bank still faces a shed load of problems
Mr Lupo.. I watch, normally through my fingers each time this share hits a patch of oil. I have been in and out of it since 2009 when I first bought in at the magical price of 60 odd pence... oh the glory days
Looks like every one is betting on the speech in Florence. Will our lame drake robot prime minster pull something amazing out of the hat or waffle and fudge. Jack is clearly betting on the latter and sadly he may be right
Folks, when are the results due ? thanks in advance.
It happened again, a 3.00 drop across Barc, Lloy and RBS !
But it is not just Barc that fell. The fall affected the whole market. Barc has been subdued due to its own specific problems , true, but what happened today affected the other banks as well.
Jack- I would not be so pessimistic. Something happened at 3.00 p.m which knocked Barc, Lloy and RBS. I am hoping that this current surge will take us to 2.15 (well I have to as I bought at 2.05!)
Don't blame Jack for being correct, he called sub 200 and guess what. To quote a famous saying 'Watch your enemies closely, they are the first to spot your weaknesses' He has pointed out the painful weakness Barclays face. This weak Government is not reassuring the market. What are the choices, a lame drake of a prime-minister or a Marxist leaning Labour Chancellor who does not like the free market. Once parliament breaks for the Summer, the 'Men in grey suits' will come for her
Wow- I got a prediction right ! ! ! I must be getting like Jack. I have a buy set for 2.05. Lets see what happens. The DUP will vote with the Tories as they certainly have no liking for Corbyn and his previous, ahem, 'loyalties'. Thus they have a working majority with a combined 329 seats. WE may actually get the stability we need. Barclays then need to try and earn some money ....
Jack- I see your point. I agree, the market believes a Tory +17 majority and indeed so does the NYSE given the price rises post 1400 hours. I have already voiced my doubts and can see a hung parliament or worse a slim Lab majority with or without a supply deal from the SNP. If that happens this will be sub 150. If it hangs then I will buy in. If it is Labour then trouble, big trouble as they will order the breakup of the investment and retail banks etc... Lloyds would be safe as they are a pure retail bank.
I sold last week but now keenly watching. What are your predictions Jack ? chhers EI
Folk's , I am out. SOld the lot at 2.10. I followed JB's advice in the end. I cannot see the election going the Tories way. At risk of sounding negative, a Labour win will be an absolute disaster for the financial sector and then ultimately the economy as a whole after the short term cash infusion from increase taxes dries up. The new chancellor would swiftly discover that his little red book on socialist political thought will neither guarantee his loans nor be a source of food !
If Labour gets in and that is now a reasonable bet, this will do another Brexit results day drop but there will be no recovery at the end. I fear the shadow chancellor has a few idealogical scores to settle with the City regardless of the cost
Nice rise over in the U.S,