RE: EU...1 Oct 2020 20:50
Lloyds is not an AIM share. It will not go up 20 / 30 /40% in a day.
She is like a majestic cruise liner rather than a jet boat.
She will recover in time but posters who are shouting from the roof tops to get in now or miss the boat, simply have it wrong. The recovery of this stock which is intrinsically linked to UK plc will be sign posted weeks in advance as we get reports of economic recovery. Look at the SP history and time frames - this ship takes time to turn but in time turn she shall.
Without trying to sound Churchillian - there are some obstacles and challenges ahead - Covid / Brexit / World political games and of course the next black swan, whenever that event happens. BUT one thing that history has shown is that the country is a Nation of survivors and so I have no doubt personally that this stock will recover - it is the most conservative of Banks at heart and the BoD in my opinion are acutely aware of the challenges facing them - and I do not leave out the like of digital competition and low interest rate environments, together with Covid related impairments in that list.
I have been a shareholder for close to 40 years. The level of debate on this board is at times puerile - if you are invested in Lloyds then you should be better than that - this old lady is a pedigree and like a classic car (ok I switched my mode of transport analogy) you should be invested with your eyes open to their warts but also to the potential to deliver joy.
Continue to stay safe and make wise decisions in all things after careful thought.