Member Info for MrAltruistic

W,

Talk about Volatility? Hence the reason I would not even remotely consider day-trading.

3 Profitable Trades... Long may that continue. As Mr Punch once said "That's the way to do it!"

Your tail should have stopped twitching now after JPMorgan brought home the bacon and the Barc Share price reacting in a 'guilty by association' manner. Talk about 'Ski Sunday' or 'Alton Towers' with todays Barc movements. Classic Rollercoaster. Saying that... it's been doing something similar for at least the past week or so. Close to 160p then down she goes close to 150p then up she goes.

Rather you than me with the ECG Barclays Stock price movements.

Good Luck and God Bless,

MrA

***Any 2023 end of year mini-Santa run and the 2024 new year institutions investment money would normally be two reasons for a spike up. Let’s see what the future holds?

Blinkin' fat fingers!!!

Morning All,

Hmmm... all the classic hallmarks in the last couple of days of Venkat following the Politicians theory of 'leak the bad news' before the confirmation date approaches? I suspect Barc will miss the Institutions Q3 Forecasts when they report on Tuesday 24th October, rather than declare anything close to a Profits Warning. This ‘leak’ is then the clue to then reply with, "why so surprised?". I expect the share price to break 150p floor today and/or Monday (looks like my thick black marker pointing 149p may prove to be accurate MrWolf?) and then be utterly spanked on Tuesday 24th if it goes to 'political' plan.

If this proves to be the case, then I will lethargically wait to potentially take up my final buy trade of the year in a roulette style 'all in red or black' looking for a circa 10% return… again. Any 2013 end of year mini-Santa run and the 2014 new year institutions investment money would normally be two reasons for a spike up. Let’s see what the future holds?

I understand that the US Banks reporting season starts today with Citigroup, JPMorgan and Wells Fargo, amongst others, reporting today.

Watch the price at 2.30pm UK time to see what else happens. I am not a Shorter but money to be made here me thinks.

No form of advice, given suggested or recommended.

Please Make Your Own Choice and Good Luck All.

Regards, MrA.

Good Afternoon Posters Old and New,

Dow Jones Futures currently looking to open down at circa -220 points at 2.30pm UK Time.

Depending on which way you flip the coin...

You may want to wait a little longer before you top up for the Hawks.

You may want to consider bale out some before the opening bell for the Doves.

JayK - No easier with the second one right? I wish you well and suggest to take the 'shifts' in consecutive turns every three days is my unrequested advice. My Carer role has really intensively kicked in this year for my Dad (what can you do?) meaning i have also not been monitoring this stock 'properly' certainly since May and not all since August.

razzledaz - many thanks for your kind words. Not sure what your position is in here or your goals but some times the best reaction, is no reaction. I have no obligation to share my trades but will do my best to post them, as i usually do within 30 minutes of purchase and sale confirmations.

MrWolf, i appreciate that your paws have taken you and your lady wandering until Monday, if i could ask you the greatest of favours please and to any other chartists I am gratefull to listen? On the basis that my 'Helix Oxford Mats Set' in it's silver tin (look it up on google for the youngsters) has gone missing could you let me know where your lines are plotted. Looks like a classic Wave 3 on the Elliott Wave Theory to me and going down? Would you agree? With it to go down to form wave 4 'bounce up' once bottomed out. Where has your pencil plotted the bottom? I'm looking at circa 149p with my light touch thick nib permanent marker any thoughts?

My final random thoughts...

1. These blinkin' buy-backs are helping nobody. They just keep stirring up the trading waters to give no clear direction.

2. Each to there own, but assuming market can be manipulated, then i suspect some upside for a 'Santa Run' for this stock, which from memory never materialised last year.

3. If you are naive enough to think that the markets operate transparently then watch the movie Dumb Money (trailer available on YouTube). based on extremely recent shenanigans of the Us Stock of GameStop. Ring any bells people?

4. I really fancy one big 6 figure in and out trade for myself before year end and looking for my usual circa 10% return. each to their own.

Please MYOC and DYOR.

Regards, MrA

MrWolf,

Hope you and 'her indoors' are well? Thanks for your continued views on here. My 'light touch' pencil and ruler are in the 135p to 145p area but at the 120p ball park, even i'd be happy to buy and sit it out!

Good Luck my Friend,

Regards MrA

JayK,

Congratulations to the new addition to the family!! Hope you and your 'clan' are all fit and well. Yes... I've also been missing for the last 3 months, more so little holidays for me than the addition of little people to the family.

With this continual 'swing trade' movement, as with everything, if you get your timing right then some money to be made I guess?

Typically I am only looking to short term trade this stock as that's all it seems to have become but the risk/reward attractiveness seems to be a slight struggle to me i.e. always aim for circa 10% return but if i can get 4.60% instant access, albeit for a 1 year timescale, then is the risk worth it? Hmmmm?

I typically look for three stimuli to get a stock moving in either direction, i never short, hence with the hope of seeing 160p+ short term... I would hope:

a) If US inflation drops lower than expected on Thursday 10th August then that this might be a short term spike up.

b) If UK inflation drops lower than expected on Wednesday 16th August then that this might be a short term spike up.

c) The continuation of buy-backs would do something... but appear to be doing the square root of fresh air at the moment. I'll continue to monitor at this stage.

Yes, some dark clouds and of course you can never predict a 'left field' incident but I also don't see financial armageddon within the markets either.

I'll continue to monitor, if the price falls and remains below 145p, for three days, then the waders may need to come out.

Good Luck my Friend. Regards MrA

Morning All,

All things considered, I hope everyone is well? I appreciate that I have been a long time absent contributing on this board, even with the BofE Announcement at midday, I am seriously considering buying a 'lump'.

As per my title, Any Chartists' Views Out There? i.e. in relation to the direction of travel?

Regards, MrA

Afternoon All, as Zebbo referred to, is suspect the anticipated collapse of First Republic Bank has more to to do with the retreat of Banking Stocks than Nat West Resultsin isolation.
First Republic Bank stock currently down another 32% as I type to $4.21 as I type, some circa 95% down year to date… Ouch!

Regards, MrA

Morning All,

As per title, an exclusive Interview with ‘Venkata’ on Bloomberg Global Financial News, which is available for free on YouTube.

IRegards MrA

https://www.youtube.com/live/dp8PhLsUcFE?feature=share

Morning All,

First Republic Bank Summary and Update. I appreciate it is technically not Barclays related but inevitably we are 'guilty by association' as we trade in the same sector.

Regards MrA

https://www.theguardian.com/business/2023/apr/25/first-republic-bank-shares-fall

Warsaw, thanks for posting other dates and link.

Good luck my friend. Regards, MrA

razzledaz,

Set a fulfilment order of 129.75p for. £100k worth on Friday 24th March and it was NOT met, so missed the opportunity. Nevermind. So still watching.

I haven’t checked on my past 5 or 6 placed orders but I suspect the majority have been Friday purchases.? Note to self… nice to know, how many were Friday purchases.

Have let other contributors join in and and stayed in spectator mode.

Hope you are well my friend?

Regards MrA

Afternoon All,

Today US CPI (Inflation) figures due out.
Tomorrow EU CPI (Inflation) figures due out.
Friday Major American Banks reporting.

Good Luck All, Regards MrA

TheHappyWanderer, many thanks for the post from Friday’s The Spectator. Clearly, they seem to indicate, at least to me, that it is a matter of WHEN Deutsche Bank fails, not IF.

Their Summary:
“A Deutsche collapse could bring the euro down with it. Unless the government and the central bank can shore it up over the weekend, very soon the entire currency will be in deep trouble.”

A write up from ft.com who expand on the current turmoil best summed up in one sentence of “What we are seeing is that market participants are trying to test where the next weak link in the banking sector is.”

Regards, MrA

https://www.ft.com/content/a730721b-afaf-4e81-b5aa-dcbbd98f3bd3

A snippet from what’s happening to the U.S. Banks stocks over the pond as advised by Forbes .com worth a read.

Regards, MrA

https://www.forbes.com/sites/dereksaul/2023/03/24/these-bank-stocks-hit-lows-some-even-all-time-lows-this-month/?sh=bea7cfe6e974

Afternoon All,A longer piece here from ifre.com with direct quotes from various of the Barclays ‘top dogs’ with the editorial heavily focused on the Investment part of the Bank. Well worth a read in my humble opinion.Regards, MrA https://www.ifre.com/story/3816707/barclays-aims-high-in-trading-push-amid-rocky-markets-rr6ybs2lpy

Afternoon All,

This short write up of Friday from proactive investors is worth a read. Explains concisely the rationale for yesterday’s drop and the general negativity currently hanging over the Banking Sector at the moment.

Regards, MrA

https://www.proactiveinvestors.co.uk/companies/news/1010164/bank-shares-slide-as-swiss-action-reverberates-far-and-wide-1010164.html?rel=scroll

…I am of course referring to the Credit Suisse Bonds.

Dow Jones Futures currently looking circa -300 to the downside. I’d be surprised to see the stock finish above 130p today.

Regards, MrA

Newdealz, no such thing as a bad profit my friend. I’d be shocked to see us get to a £1… that with the caveat that there are no other Banks in ‘liquidity trouble’. Confidence in the whole sector has been rocked, as already mentioned, even more so if you are an institution and your purchased bond with capital and interest has effectively been ripped up, meaning you have lost the lot. No surprise that the sector is taking another kicking then really? I read somewhere over the weekend that confidence is slow to build and quick to shatter. Ain’t that the truth.

Good Luck My Friend, Regards, MrA