Member Info for Just_My_Opinions

Looking at the 10sma against the 20sma it looks like it has a lot further to fall. But if/when that changes I will be going long and posting my entry on here.

too long*

Dropped below the 200 sma for two long, sensed a reversal. Got out about 253p after buying about 215p. Now where's the floot? First major test is 222.72p. FTSE 250 still getting sold off heavily though.

This is good news for the undervalued financials, the banks and insurers should rise a fair bit of the back of this. FTSE 6700 anyone? :-) http://news.sky.com/story/1719839/carney-signals-possible-interest-rate-cuts

This should help the banks rise, and Virgin Money is still massively undervalued. No PPI exposure, No Legacy/Conduct law suits, No investment bank exposure. Just good old fashioned banking and growing rapidly in all business areas. Love me an undervalued stock. Quantitative easing will inject some confidence into the banking system, either lower rates meaning more people able to afford mortgages or monetary stimulus should it be necessary.

Matt, I'm still long LGEN. No intentions of selling it until it's past 200p. Will reevaluate after that... possibly 220p. Just giving a reason for the sell off on the banks earlier, which hit the insurers a little.

Fed stress test*

Banks leading the market in general lower. Deutsche bank and Santander failed the stress test Soros has a short on Deutsche bank.

Firstly, happy to admit I was wrong. No one is right all of the time, the market throws curve balls frequently. At the time I typed that "logically lower", there had been absolutely no plans or any meeting to discuss any plans on when negotiations with the EU might take place. Shortly after that it became clear that the time table for the new PM meant they should be in place by the 2nd of September, possibly even sooner. This calmed the sell off on the financials. With sell offs on a particular sector or the market as a whole, I always try find out the cause... and then watch for information on the cause from that point on. Anyway, I'm long LGEN, VIrgin Money and Glen. £8250.20 profit since yesterday after taking a £6k loss on Monday after going long on all 3 Friday. I held Glen, but exited LGEN and VM on Monday morning. The fell further and I reentered LGEN and VM longs on Tuesday after a fair rise. They have risen again today. I'll hold both regardless of any potential pull back. Many stocks are above and closed above their 200 SMA, LGEN included. So there's a chance LGEN could rise further tomorrow. Best of luck.

Tricky, My exact thoughts. LGEN is solid, one of the best dividend payers on the FTSE at 7%+ just now. Solid cash flow, good risk management. The CEO has a good hold of cost control, with chopping the costly Kingswood site, and relocating to Coleman Street and Hove. They're also starting to branch out well into overseas markets particularly India. The CEO is not daft... and the proof is in the companies results we've been seeing. Great buy this in my opinion. And if it suddenly reverses there's a nice juicy dividend to reinvest or take as income whilst I wait.

I'm back in today and I'm staying in this time. http://www.legalandgeneralgroup.com/media-centre/press-releases/press_releases.asp?newsid=2898

The companies massively undervalued. Buying at these prices might turn out to be one of the best bargains of 2016

I'm in at 215p ish too. After selling yesterday at around 252p... jumped out for the drop and back in. I'm staying in this time.

Yes, but how far will it fall beforehand? The uncertainty is nowhere near disappearing yet.

The market isn't pricing in a bad deal, it's pricing in no negotiations at all. We're still at the uncertain stage, the details of whatever the deal is will cause the market to rise. The price just bounced slightly as details of the time scale for the Tories finding their new leader by the 02/09 is the reason we had a bit of a bounce. But the negotiations might not even start for a few months. Seem logical it will go lower to me.

What percentage do they need? Because they won't get a majority that I am certain off. Apparently democracy doesn't exist anymore. Absolutely disgusting trying to overrule the democratic will of the majority.

30p in 2008 No saying that's going to happen, but low can always get lower. Still not feeling the urge to jump in yet. What's changed? Is the EU negotiations suddenly over, all our politicians suddenly care about the country more than themselves. Nope

It will improve, but when? Remember 2008? 55p Barclays 24p rbs etc To be fair that was a credit dry up though, so who knows with this one

Not really lucky, took a fair hit... but out at 252.5ish... and boom drops to 223p. This is a very nasty crash this one.

What an amazing price to buy in at. Got it for around 266p