Yes it helps to remind yourself why you bought. Looking on here too much can add to concerns if you lose your sense of humour. I have looked at the charts available and can see an upside IMO and personally believe it will get back to 300 and beyond but know that no one can promise WHEN.
I see short positions as 10.15%. So lets assume MTRO jumps to 240 Monday morning and stays there say for 4 weeks, does that mean shorters are forced to lose money. How long does each short position hold. are they able to ride out the rise. How long do they have to make a decision. I have tried to do my homework but someone should be able to clarify, please.
Dinoken the sp is wrong if you look into the way the bank has turned itself around all be it like a super tanker. An sp of 300 is sensible and rbs are long overdue for a re-rating. Yes the bank has reduced in size over the last 10 years but is now an income generator. In the next 6 months we will see 300, mark my words, we may even see 418
Theo our rates are held down at present but there is a limit to how long this continues. With Carney going the picture is likely to change. When we lose our ties with Europe then we become linked to the world rates. I am being conservative in thinking rates will rise by 3-5%. You can tap into those rates but there will be currency fluctuations affecting the effective rate. You have a mad situation where there are negative rates of interest where people get nothing on their deposit and pay for it to be held - utter madness. We have to factor in a possible change in the colour of the gov't and an increase in central spending/borrowing again leading to rates rising. A worry for those not on fixed rates. What do I know?!
Dinoken I do not see it dropping to 150 again. Of course I do see your point. People should understand that the current price is really only 23p which just shows it has a long way to go. I have held natwest shares since the 1980's through good times and bad. Back at the start of this century they were giving me a net income of £8000. To protect the £ I see interest rates rising to 3/4/5% in the next 24 months which will change perception of bank shares.
having known mortgage rates of 15% I believe we need interest rates of nearer to 5% to allow markets to perform normally. Pensioners have lost so much interest income. My little house has risen to a silly value, I want it to drop in value - more normal mortgage rates could help that to happen. Too much has gone into property whereas 30 years ago it would have been in stocks and shares. This would send MTRO to its proper sp.
Start believing this is correcting and will rise above 300. Barclays have been found out and it is the moment investors buy/switch to RBS. I believe Boris will get his deal through by a whisker. The market will go crazy Monday morning. DYOR GLA
dogger if it gets to £3.40 you are showing a profit, for me that means you can relax provided you don't need the funds in a hurry. I am down £200,000 on RBS from 10 years ago. Know when to reduce exposure, take profits and you will be fine
not giving advice here but for me its not going to hit £1. Of course it could as could any share. If you sell your holding in the morning at say £2 you have lost £35000. Lets say instead you sell one half so you have lost £17500. Now if the results are good on the 23rd it could jump to what .... You can sell your other half and won't be making another loss of £17500. Yes it could drop whilst you still have half your holding but its only a paper loss until you sell. So you might stay with it. You could decide to buy back in and then your average is down and it looks a little less scary. DYOR and do have a plan.
They tried to compete on price alone and sacrificed quality. Some years ago when it was the norm for a man to wear a suit you could get a good deal here. But then the quality was reduced. The same happened across the whole of their stores both men/women. The one area where they continued to offer a good product was their food. It started going wrong in the 1980's so to turn it around is a tall order. John Lewis are getting in a similar mess now. Only yesterday I went to buy a laptop they had on display to find it was not in stock. A month before same experience with a mobile. Business needs to up their game. GLA
It does not have to be all or nothing, maybe sell half. If then the sp drops further you have an option to buy back in lowering your average. If it rises then you benefit from the rise and the half still held can be sold. A sort of win win. GL