RE: Roll up, Lloyds a bargain, not to be missed19 Aug 2024 14:03
Hi Clown, " Do I think LLOY are a Bargain "
Errrrm, no, no I don't.. I think they are evenly priced, thus I sold down 2 / 3 of my holding on the rise up, first 1/3 sold far too early.
But I absolutely think they'll go back down to the 48p area quite easily in the next couple of months, maybe substantially lower if any of a number of things doe's not go their way. There is also the possibility of a further rise up to the 70p levels, but very doubtful IMO and if it does, it's only to mug people in trapped for years...
That 70p level is only sustainable IMO, if the business is down to the 50 Billion share count level.