The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Barclays will unveil its first quarter (Q1) results on Wednesday 29 April, though investors are expecting it and other UK banks to be hit hard by bad loans, damaging their respective capital positions amid the Covid-19 crisis.
https://www.ig.com/uk/news-and-trade-ideas/barclays-likely-hit-by-bad-loan-losses-in-q1-results-200427
We all don't know what Q1 2020 Result will be that's why everything we do before then is speculative... I remain convinced that the Q1 result will not be as brilliant as previous, but still it is speculation.
We are seeing an uptrend of Barclays share price for now, which is good for buyers. The truth is how many buyers are there? When it comes to taking profit how many will gain from the uptrend as many are already holding the stock? For now the short sellers will gain from the Barclays share price drop up to 50p followed by a ranging price between 50p-100p.
You are not supposed to win in the money market as money does not grow on try. The truth is pray they let you off and make money because you have the market makers. The only way out to keep your money is not to put your money in the stock market as you can see Barclays will not pay dividend because of COVID-19 crisis and share price has dropped to 96p. The question here is the people who have bought shares in Barclays want to take profit out of the market, where is the money going to come from? Work out the Maths!
There is still uncertainty in the stock market which means use of technical analysis will prevail over fundamental analysis. Trade carefully has Barclays shares will see further drop in price to 50p... You will be making money from the price fluctuation by using your trading instruments properly. Stay safe as COVID-19 is real!
What the hell is going on? We are not getting the promised dividend and locked into the shares for a very long time! Now is the time to trade technicals rather than fundamentals! Barclays share price is not done yet dropping . Expect further price drop to 50p, but you will be seeing rise and fall within the range of 50p-100p!
It is sad that the situation has not improved on COVID-19. Unemployment in US has hit 3.3million and we don't know what the figure will be next week. Crisis at hand you don't jump for joy, therefore the market is doomed!