Unfortunately Lloyds has become the proxy stock for Brexit on multiple financial sites, not just LSE. The discussion is circular and just goes on and on.
We are in a risk off environment atm with financials, including banks, under pressure.
A possible interest rate cut and lower rates for longer are also weighing.
The latest results were also perhaps a little weaker than some expectations.
The cherry on top is the virus outbreak, which takes us back to lower rates for longer.
My reason for not posting frequently here is a lack of Edit function, with dyslexia my posts can appear messy with typos - which I usually spot having clicked, Post Message - so I spot mistakes post message ).
Apologies if there was an misunderstanding on that post, it was not intended in any way as an optimal low buy point/strategy. I just wanted to get some idea where posters might see the price heading.
I'm a full time trader and frequently post on another site under s different username. Fwiw I always buy and sell at intervals.
Sold a few PRU right on the open at 13.08, just bought a few back.
Best of luck whatever your view. On overall markets just over 30% invested atm, fwiw. All be it tend to turn over many positions quickly, I do have some longer term holdings also.
That folksey wisdom is easier applied when a financial genius - speaking of which look at the money Berkshire is sitting on.
Had a small amount today, however still consider the headwinds for WTB perhaps underappreciated.
Where on earth (literally) are they going to get Labour from with the EU migration taps turned off ? - just think about that for a few seconds and it hits you... It may mean some wage inflation and possible margin compression...?