I think the decision comes down to
When do you need the cash?
Is there room for this to grow more within that time frame?
If you don't need the cash following this rise do you judge there to be a better opportunity elsewhere?
Do you expect to cash out and buy back at a lower price?
It's not following the FTSE, FTSE rise is only 1.5%.
For a change it is leading the FTSE.
Who knows what has inspired the rise, but HSBC results have barely nudged the SP only down less than 1% today on not fab results so I hear.
It could be speculation it could be insider knowledge or maybe some sellers feel that this has been over sold in the last few weeks.
Let say the recession is pretty bad GDP down by 10%, well the Lloyds SP has been cut in half in the last 3 months.
An economy shrinking by 10% is pretty bad but can't see why banks would take a 50% hair cut on the back of it as they are all pretty well capitalised nowadays.
In fact Lloyds were pretty well capitalised for the last crisis, they just got sold a pup in Halifax that dragged them down with the rest.
Disclosure: I am currently holding SAGA shares.
It is going to be really difficult to find the gems from the rubbish until some trading updates start to come out in 3-6 months time.
I've mostly moved out of holding individual shares as I think there will be some companies who will run out of cash. Travel related companies being top of that list. Most of my money is in tracker funds so I am well diversified and don't take too big a hit if one company goes down, but also should benefit from any market rebound.
Of the companies I still hold SAGA is probably my riskiest holding but it does have the advantage of being able to trade with some big volatile movements. Making 15% in 1 days is not standard for a medium sized and fairly robust company.
Calling bottom on anything is very difficult I've been in and out of this share recently and it seems to have found its lows.
Not all virus are the same.
Yes it could mutate, but then so could small pox.
We decided to immunise against small pox and the same could be true for this virus.
Science is not a 1 size fits all process, some virus like influenza have rapid change. Others like Coronavirus' (as they are a group not a single entity) have a much slower potential for change.
So yes immunisation is still a possible outcome.
I don't think you can call a drop to 6-7 degrees a cold snap
I think HL is cheaper than Halifax.
Ive used IG, was cheaper than both but did not like the platform and it did not at the time allow lifetime isa's.
HL has always been pretty good, may not be the cheapest but a fairly robust platform.
Lock downs are a double edged sword. True they reduce the spread. But the more the spread is reduced the harder it is to come out of lock down without it all restarting again.
You want to reduce but not eliminate the spread, as eliminating the spread will mean lots of people without immunity for the second and third and fourth waves.
I can see a point where they just risk unproven vaccines in the hope it works to get people working again
It will hit profit margins but after being in cash for weeks I've decided that lloyds is tempting at this price with or with out a dividend.
Not expecting a return today or tomorrow, but long term I see this more as 40p
DYOR
Lots of share boards are saying the same thing. Lots of upside if you hold for the long term.
But we could be looking at huge deflationary pressures and recession if not depression type scenarios.
Until we start to see the real impacts hitting balance sheets we will have no idea which companies will even survive. 888 has low debt but cashflow can kill even the most profitable companies and cashflow maybe an issue across the market.