RE: Down, down……2 Dec 2024 23:03
NC
''So my point is 'why' did you not sell in the 60's and gain even more shares by buying back much lower?''
??
I have already said - my next selling point was going to be at £40 Billion which I had changed from not less than £38 Billion.
The market cap did not reach £40 Billion - a valuation that I would have still regarded as low.
''Well same for me, hence still here.''
No, NOT the same for you. I had a selling level in mind, which would have been a fraction of my holding, and you did not.
'' I 'think' they will go far lower on the courts decision, and likely lower still should div's be cut, scrapped, and buybacks postponed for an unknown period of time.''
Then you should be selling .
As for me, I never 'think' what the market will do, only act on certain price levels that the market offers.
'' the markets are dropping this ever lower and most of it due to....''
you are repeating historic reasons that have been reported.
'' other banks less 'exposed' to the two mis-selling scandals, are not falling buy rising, proving why Lloyds is not wanted.''
You have had the choice of switching investments at any time.
Buyers are wanting Lloyds every trading day.
''The 'conformation' of the courts decision will clearly not be fully factored in''
You can switch investments at any time.
''as you yourself proves that there are very many 'hopeful' or naive owners of Lloyds who prefer not to face what is most likely to happen, until it does.''
I am neither 'hopeful' or 'naive' so you will have to find your prove elsewhere.
I repeat - I only act on price levels that the market offers me - end of.
''I will be proven to be more accurate again I fear.''
Since when has your investments in Lloyds been more accurate than mine?