Member Info for MrAltruistic

Good Morning Mr W and All,

I hope you had a good weekend? As for the bottom of this bear market, i think we are both in full agreement that a 'period of stability' is required to gauge where the true bottom is here? I pointed at 129p only to see that broken and 128p "appearing" to be closer to the bottom. I appreciate taht you see it lower than than that and why not? I'll stick with my '5 consecutive days rule' to see if this magic number of 128p can hold solid... who knows? Couple of key dates 'sentiment shakers' for me this week namely the Base Rate Announcements of both the USA and UK and the comments to justify their decisions accordingly.

I still hope for small incremental upward price movements by close of Business this Friday. It really needs to close above the 'emotional' 130p level to prove any form of short term stability for me. Let's see where it goes.

Regards, MrA

Sunshine111,

Hope you are well?

"i also bought on the same day as you but only had spare money for 2000 shares at 132p."

Only purchase what you can afford to invest/gamble/lose. As i have mentioned before I only publish my trades (within my self-select isa) with no obligation, on the basis it may add value to someone?

All the best my friend.

Regards MrA

Good Afternoon TA1,

I hope all is well? Some good points made.

"I believe it will go lower, I expect it to test 125." You could be right... but I hope that either one of our suggested "bottoms" truly proves to be the bottom. I really wouldn't want to see it deteriorate further on results, that, let's be frank were NOT diabolical. As each day passes, the opportunity of a M&A and Barclays being the Acquired rather than the Acquirer makes more sense to me... or is that just my wishful thinking?

Let's continue to watch this space. Time will make things clearer.

Good Luck my Friend.

Regards MrA

Morning razzledaz,

Nothing scientific here but a rule that has served me exceedingly well for many, many years is 'the continuous 5 day rule'. That is to say...

When the 'trend' is down at what 'floor' level does the share price refuse to 'breach'?

When the 'trend' is Up at what 'ceiling' level does the share price refuse to 'break'?

Still early days here of course but from what I've seen I suspect that 129p is the new 'floor'. If i'm proven right, when the 'trend' should change to Up, then the question is, what will be the new ceiling?

P.s. my own thoughts are that, fingers crossed we should claw back some losses (again) when New York opens at 2.30pm and that the HSBC results should only have a negligible effect on momentum, as did Standard Chartered, because of there heavy slanting to Asian markets.

All in my humble opinion.

Good Luck My Friend.

Regards, MrA

Morning MrWolf and All,

Thanks for your thoughts and taking the time to reply. Truly appreciated.

An interesting one and i'm not sure whether to classify your views as 'a double edged sword' or indeed 'bitter sweet'? Hmmmm.... "You're twisting my Melon, Man!"

Wow... Standard Chartered have been 'beaten up', big style, early this morning and i believe that there share transactions had to be temporarily paused because of the tsunami of sell volumes and their drop percentage.

Anyway. back to Barclays, for what it's worth, I'm glad that there are no share buybacks for Q4 as this, for me in Q3, bugg€r€d up my simplistic plotting of lines of movement. I've put my money where my mouth is and have no desire to convince myself (or anyone else) that it is a good call.

If we can end the week pretty much 'treading water' and then keep my fingers crossed for week on week small incremental upward movements, then i'll be happy. Either way, time will make things clearer.

Good Luck All.

Regards, MrA

Tuesday 20 Feb 24 = FY 2023 Results and Investor Update

Evening All,

Good Luck to All Purchasers today, whatever your strategy.

DrPatience. “May dip lower…” I think you’re right. Tomorrow Lloyds should be ‘slapped’ by the Manipulative Market Makers and I expect Barclays to be ‘poked’ as they will be guilty by association tomorrow. But couldn’t resist any longer, hence, set my Limit Order and left it to fate!

LWHL “Great (or perhaps, foolish!) minds think alike”. Time will tell? A week in politics is a long time but a week in the stock market seems even longer at the moment. Let’s get this week out the way and wait for the dust to settle eh?

JayK “Now don't look until its time to sell :)” Ha, ha… impossible with 6 figures on the table. I have my usual 10% short term goal/target, but I sense/expect/hope a Santa Run and expect a positive ‘up’s’ from this ‘low’ until Full Year results are announced in January 24. So will remain fluid as when to eject. Sorry to hear of your ‘red ink’ but you have a damn pretty good record with these ‘swingers’. As a nice to know, which vehicle are putting up for sale?

MrWolf, A quick punt with a quick return is never to be sniffed at! Keep sharing your technicals please. Truly appreciated by me and I suspect many others?

Warsaw, “Buying at around this price is going to turn a profit, I'm not one for broadcasting my trades…” Totally respect your views Sir. As I think I have mentioned before, I am not obliged to share my trades but just feel that it might help someone to post them, pretty much as they happen. Regular repeating statements often seen on here of alleged sage Investors who buy in at the bottom and sell at the top. I just like to ‘prove’ my trades.

How do I see things playing out?

Get this week out the way, then an upward trajectory. Some Broker Recommendations, a small but positive Santa Run, Institutional Investors for the start of Jan 24, Barclays Full Year Results better than expected in Jan 24 then a decision to be made as whether to cash out or remain long.

As ever, it’s the three G’s for me. It’s all guesswork, gut feel and good luck in that order. I repeat that I know no more than your neighbours cat, if it could talk.

Please Make Your Own Choices and Good Luck One and All.

Regards, MrA

Within the last half hour i have just bought 75,300 Shares at 132.5582p.

Not a form of advice, guidance, encouragement or persuasion for anyone else to follow.

Please make your own choice and decision and undertake your own research.

To quote Sherlock... "The game is afoot!"

Good Luck All!

Regards MrA

The Company announces that, following the purchase of these shares, the share buy-back programme announced on 28 July 2023 has completed. Since the commencement of the buy-back, the Company has repurchased for cancellation 493,603,770 ordinary shares in aggregate at a volume weighted average price of 151.9437p per ordinary share for a total consideration of approximately £750 million.

What it did achieve again... and action... tumbleweed rolls across the vista.

Morning All,

Time to get my 'Helix Set' out with my 'Big Black Marker' to plot the bottom, if this breaks below 130p then i'm not sure how much longer i can hold back? Any thoughts in this carzy market would truly be appreciated.

Regards, MrA

Morning All,

“I expect a real good kicking on the share price tomorrow.”

Truly kicked... without sounding crass or meaning to offend, even Stevie Wonder saw that one coming. Shame I'm not a shorter. Typical knee-jerk reaction this morning. Perhaps the USA markets may help claw back some ground 2.30pm onwards? That said, i want the results of Lloyds and Nat West to be declared over the next couple of days to see if there is any further deflation in the price.

Good Luck All.

Regards MrA

Good Morning MrW et al,

"Told you to chuck that marker in the bin, look what you've done now !"

I can confirm I have swapped my big black marker for shin pads! I expect a real good kicking on the share price tomorrow.

The Institutions look for any excuse to 'manipulate' the share price and 'missing targets with a negative outlook' plays right into their hands. Accepting 'outside influences' e.g. will always have a significant affect on any share price and cannot truly be anticipated e.g. War, Accounting Scandals, M&A's etc.

Putting the 'outside influences' aside, I am still cautiously looking to 'Buy Big', as per ever i will wait for tomorrows results and see if it 'hangs over' all week and take it from there.

Good Luck All!

Regards, MrA

Good Morning JayK,

Hope you and the clan are all good and well?

200p is not a bad target imho. It is all cyclical so hopefully your timescale may not be 'set in stone'.

Good Luck My Friend,

regards MrA

ToffAppleton1,

Thanks for your replies.

Good Luck my Friend.

Regards, MrA

Evening LWHL,

BAC… agreed.

The BofE appear to have excelled at being incompetent… an oxymoron? In fairness the Liz Truss and Kwasi Kwarteng show didn't help but that can’t be used as a ‘joker’ to mask their ‘performance’.

I hope that CPI continues to deflate sooner rather than later but he Oil price hikes are not looking clever.

Pushing your look? I’d rather say grasping an opportunity?

Good Luck my Friend.

Regards, MrA

Good Evening The MoneyShark,

Agree on all your points. We're definitely on the same wave length here. Personally, I'm not convinced of any further Rate rises for the remainder of the year but they have November and December to prove otherwise. As with everything, i'm still convinced it's all about the luck of your timing.

Good Luck my Friend,

Regards, MrA

Evening Mr Wolf.,

Don't blame me... blame the events of Palestine and Israel, or at least that is one of the perceived "Other factors" that affected the market today. Regardless of how appealing this stock is looking to purchase right now... and I am looking to purchase, my hand will remain firmly in my pockets at least until next Tuesday, once the results have been announced and some direction appears visible. I really do sense a good kicking if the anticipated results are wide of the mark.

As for the "Other Factors" I was anticipating a USA secondary Bank to blow a gasket by now, which has yet to have happened. I wouldn't even dare speculate as to how intense things could become in relation to the Gaza Strip... gulp. If this really does escalate as planned then a correction on the markets, short term at least, I suspect is inevitable. Hence, keeping my powder dry for my roulette wheel spin once again.

Hope you didn't singe your feathers on your 148.34 play?

Good luck my Friend.

Regards, MrA

ToffAppleton1,

I hope you are well?

I disagree with the view that " Barclays doesn’t fluctuate enough to make it worthwhile as a short term trade." Having personally shared my Buy and Sell trades on this site within minutes of the point of transaction, at no obligation then i can confirm otherwise.

It really depends on your simple straegy, namely:

a) What you personally define as short term?

b) What your actual stake is?

c) What your aimed rate of return is?

To prove my point, my last active trade involved me:

a) Buying on 16.12.22 and selling on 23.01.23 i.e. in and out in 38 Days.

b) Purchasing/Selling 55,250 shares with Cost/Sale at £84,517.95 / £99,445.21 making Profit of £14,927.26

c) Making a return on capital at circa 17.66%.

I would describe myself as a patient and occasional swing trader. But fully respect each individuals way to trade even if it's not for me.

As for: "There are much better options in U.K. markets." Possibly.. happy to understand what the options are if you would be kind enough to share?

I stress, I come in peace and wish you every success regardless of the value of your trades.

Regards, MrA

Razzledaz,

I doff my cap to you Sir, for fact checking!

Well done.

Hope all is well?

Regards MrA

Good Morning Mr W and all,

As predicted "...looks like my thick black marker pointing 149p may prove to be accurate MrWolf?" Albeit 3 days later than weather-forecasted.

149.04p... and dropping as i type at circa 8.15am this morning.

To continue my Weather Forecast, as publicly "tipped off" by Venkat, I see further deterioration on Q3 Announcement Day of next Tuesday 24th October. If we are first 'out of traps' for reporting season (I need to check) then I sense our spanking may be more vicious that the others to 'set an example' for missing the Brokers targets?

I repeat i am still see a buying opportunity and one big roulette style 'all in red or black' trade for me before the end of year personally.

But let me blunt, i know no more than your neighbours cat, if it could talk!

Hence, No form of advice, given suggested or recommended. Please undertake your own research and Make Your Own Choice. Good Luck All.

Regards, MrA.