Member Info for MrAltruistic

Only closed just below at 169.90p but none the less, below this key level it closed. Tomorrow should prove if this is just a ‘blip’ with a bounce back or continues the downward trend for what would then be the third consecutive day? Place your bets!

Good Luck All. Regards MrA

Good Morning JayK,

I hope you are well my friend?

Having just returned from a weeks holiday, I promised ‘her indoors’ that I would have a ‘digital detox’ whilst away and had a great holiday. So unfortunately, No… I missed the bounce. Typical… never mind. No FOMO from me. In these particularly volatile times I seem more cautious than ever before ‘placing my bet’. IMHO the markets continue to exaggerate and knee jerk react to any news in either a positive or negative vane. Hence I’ll watch and monitor before jumping back in.

Glad to hear that you made what sounds like a good return on your latest play. A genuine well done from me! Counting myself as a ‘little guy’, if any of us can make a positive return then it is t9 be celebrated.

JayK, your posts are always welcome on this board. However. little or often. I’ve just read your latest TA piece…. Wow! I stress my TA analysis really is just ‘light touch’. Predominately Fibonacci lines and 50, 100, 200 SMA’s. For myself, having too much information really clouds my decisive judgement. If it works for you, then long may it continue.

In relation to an email address, I posted one on here some time ago, only for someone deciding to “report my post”. The message links then got deleted and I had a “first written warning” from the site administrators and a 14 day ban… I kid thee not!

If you would like to take a chance and share an email address from yourself then I would be happy to receive it. That said, I sense that you will have very little to learn from me and may be disappointed with my contributions.

Always a pleasure chatting.

Good Luck my Friend.

Regards, MrA

badprophet,

reasons for Friday’s jump?

Who really knows?

End of Month Institution close out trades?
Certainty of a new PM?
Russian Oil Price caps?
None of the above?

the joys of the market… eh?

Good Luck My Friend

Regards, MrA

Good Morning TheReducer,

I hope you are well? No sensitivity to your feedback whatsoever my friend. As you are aware, where I can, I paste links to Barclays Shares news for the “benefit” of all readers and posters on this site. That doesn’t necessarily mean I agree or disagree with the editorial views but trying to act in an un-biased manner I try to post what I find.

I’m happy for all views and responses on here, with the caveat that a rationale to substantiate your views is so much more beneficial to us all. Rather than what I would call silly, singular statements with no explanation as to why e.g. “The shares will fall to 50p by Christmas” and/or “The shares will be £2.50 by Q4”. Based on what???

In relation, to SeekingAlpha, personally, I find the detail of their write-up’s, on the whole, as value adding. Again, I may not agree with everything they say but in their latest piece, I actually agreed with their view of the two major reasons why the share price is trading at such a distressed valuation. Much more so than their rationale as to the factors for medium term upward momentum and/or re-rating.

As is with most of my posts, I tend to end with “…please make your own choices and good luck all”, which can get a tad repetitive.

Good Luck My Friend with your Investing choices and I look forward to your continued contributions, albeit with a respect for each other’s differences, I may not always agree with them.

Regards, MrA

Another decent write-up from SeekingAlpha.

They explain the two major reasons why the share price is trading at such a distressed valuation along with a rationale as to the factors for medium term upward momentum and/or re-rating.

Regards, MrA

https://seekingalpha.com/article/4538363-barclays-stock-too-cheap-to-ignore

Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole…

Courtesy of CNBC. Move the YouTube slider to approximately 25 seconds to see what was the ‘live’ speech

https://www.cnbc.com/2022/08/26/watch-federal-reserve-chair-jerome-powell-speak-live-at-jackson-hole.html

Evening All,

Looks like the reality check may have already started? As of c.o.b today Friday 26th August 22:

Dow Jones closes at 32,283.40 -1,008.38 (3.03%)
S&P 500 closes at 4,057.66 -141.46 (3.37%)

Probably for the best that the UK markets are closed on Bank Holiday Monday 29th August. That said, if more pain in the U.S is seen Monday, then next Tuesday could be a particularly rough day?

Good Luck All.

Regards MrA

A small piece related to the wider, especially USA, stock markets.

Regards MrA

https://www.businessinsider.com/november-elections-risk-equities-stocks-rebound-midterms-biden-energy-2023-2022-8?r=US&IR=T

JayK, thanks for your kind words. I have no issue in you stating '...that perhaps you should consider doing this or that..." ultimately the decision is mine but any additional views always help. Yes, as i've discovered in the market, currently more so than ever, have you simple strategy but understand that it should not be set in stone. Whilst a purchase and exit price should be pencilled in, to use the sat-nav analogy, ifyou can see bumos in the road sometimes itis best to "re-calculating".

Glad to see that you you cashed out and hopefully/also made some profit?

Good Luck My Friend. Regards, MrA

Good Evening TheReducer, I am well thanks. Judging from the sense of humour in your reply, then can i assume that you are in good form also?

As i suspect i have said before, i am not here to convince anyone to stand up and shout "I believe!!!" in Chartist Theory.
But for me, it certainly helps. As for my latest sale, the informatiion provided of "a move above the resistance level at 173.22p will signal that there are still more buyers in the near term" did not materialise and helped me to arrive at my decision, but certainly not this reason in isolation alone.

Having waited for 2/3 days to see if a close above what i would describe as a key "confidence" level of 170p could be achieved, which it couldn't, i then decided to cash out. For me, even with this 'light touch chartist theory' the signals of the tide turning were fairly clear.

Again, i will wait on the sidelines to 'rinse and repeat' for another opportunity to swing trade. Wrongly or rightly I prefer to keep my hands in my pocket for the remainder of this week and await the reports and summary of this Fridays Jackson Hole - Annual Global Central Banking Conference in the States.

You certainly made me laugh... Well Done!

Good Luck My Friend. Regards, MrA

Good Morning rasl5, thank-you for your kind words. In short, I arrive at Buy price based on immediate circumstances and ‘trends’ at the time rather than a definite set price of X for the future.
I take into account the direction of the share price and a time to buy based on and including but not limited to:

a) My very ‘light touch’ chartist theory.
b) Anticipation of events yet to happen e.g. geo-political macro as well as concentrated uk events.
c) Timing and expectations of the next set of Barclays Results.
d) Timing and expectations of the next set of US Bank Results
e) Timing and expectations of the next set of Central Bank Interest Rate Announcements

But most importantly, gut feel and plain simple luck!

I’m not sure if this was the answer you were expecting or indeed helps? None the less, there it is.

Good Luck My Friend.

Regards MrA

A definite read for all holders or potential transactors in all Banking stocks imho.

“ Aug 18 (Reuters) - Federal Reserve Chair Jerome Powell will address the annual global central banking conference in Jackson Hole, Wyoming, on Aug. 26, a highly anticipated speech that could signal how high U.S. borrowing costs may go and how long they will need to stay there to bring down soaring inflation.

Powell, in what will be his fifth year speaking at the event, will talk about the economic outlook at 10 a.m EDT (1400 GMT)”.

Fed Chairman Powell is anticipated to make his speech at 3.00pm Uk time on on Friday 26th August.

Regards MrA

https://www.investing.com/news/stock-market-news/equities-may-face-a-reality-check-at-jackson-hole--barclays-432SI-2876571

BestStocks give a breakdown of a collective relatively recent Broker updates on the Barclays Stock. Make of it what you will?

Regards, MrA

https://beststocks.com/ubs-group-has-set-the-pt-for-barclays-lonbarc-a/amp/

If you are reading this then Good Morning Saurus,

I sincerely hope you are well?

I am a little concerned as the last post I have seen from you was way back on the 5th April 2022, when you kindly encouraged me out of a dark place. Are you ok?

You always added value on here whether it be sharing of views and opinions, general upbeat humour or the squashing of trolls! Thankfully with your input, on the whole the board remains a sensible, respectful place even when there is a healthy difference of opinion between posters old and new.

Not sure emoji’s exist on this site but if you could just reply with a thumbs up or something similar to placate the concern of myself and no doubt others then I would be truly grateful.

Wishing you strength and love. Good Luck My Friend.

Regards, MrA

Take care,
saurus

Roofer61, thanks for your kind words. Once they proved they couldn't hang onto 170p, even with 2/3 days of an opportunity to get back, i then decided to bank profits. Still holding a long term lump at 1.20 but looking to gamble/trade short term if the price falls to a level I think is worth a punt.

Good Luck My Friend.

Regards, MrA

Just Sold my 37,500 at 168.10p. Banked my Gross Profits of £6,510 excluding Buy/Sell charges and commissions. 11.52% Gross Profit over 7 weeks.

No such thing as a Bad Profit…

Not a form of advice or guidance. Please make your own choice and undertake your own research.

Good Luck All.

Good Morning All,

Not a lot of “news” to share from the last few days. This snippet I suspect states the obvious but worth a quick read?

The Summary:

“ Barclays share price forecast

The four-hour chart shows that the BARC stock price has been in a strong bullish trend in the past few weeks. The stock rose to a high of 173.22p, which was the highest point since June 6. It has formed what looks like a double-top pattern, which is usually a bullish sign. The shares have risen above the 25-day and 50-day moving averages. They are also below the 38.2% Fibonacci Retracement level.

Therefore, the outlook for the stock is neutral at this point. A move above the resistance level at 173.22p will signal that there are still more buyers in the near term. As such, the stock will likely rise to the 50% Fibonacci Retracement level at 180p. On the flip side, a drop below the support at 162.2p will invalidate the bullish view.”

Regards MrA

https://www.investingcube.com/barclays-share-price-is-at-a-crossroad-where-will-it-go-next-shares/

JayK, totally agree… stuck between 170p and 173p and treading water. They need to close above 170p again today to show any sign of short term strength. The buy-backs, as advised and with thanks to Trucks, may possibly help to achieve this but further additional “positive news” will clearly be required as a stimulus.

All imho.

Good Luck my Friend

Morning All,

Ever feel that the ‘rules of the game’ have been torn up and scattered as confetti? UK inflation confirmed as 10% and the market still continues to climb?

For the record still holding my gamble lump. EU inflation figures to be confirmed this afternoon, then BofE September Rate announcement. Hmmmm… how long can this rally last?

All imho please myoc and gla.

Regards, MrA

JayK, thanks for your chart and comments around the 200 DMA