Member Info for MrAltruistic

Monthly UK Inflation/ Consumer Prices Index (CPI) update due 7.00am this Wednesday 17th August 2022.

Confirmation that the 200 day SMA has been surpassed is somewhat reassuring. Letting the trend be your friend seems to be the way at the moment. A useful little piece here imho.

Regards, MrA

https://www.defenseworld.net/2022/08/11/barclays-lonbarc-shares-pass-above-200-day-moving-average-of-164-10.html

Roofer61, yes... I think to have finished the day where we are after going ex-div is no mean feat. As for cake and eat it... it only counts when you've cashed out and left some crumbs on the table. I would think/hope 170p gets comfortably broken then reassess from there. The fact that US inflation was actually marginally down has clearly rallied markets. Thanks for your post and Good Luck My Friend.

Typically, after a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.

Good point PSK… oops forgot about that.

JayK, a wonderful reply. I remain in with my Swing Trade the 170p barrier was nibbled at. Tomorrow should, theoretically, be another positive day. So I will wait to see how it opens, look at the futures markets for the S&P500 and DowJones 30 and then decide from there.

Good Luck My Friend and once again thank you for your valuable contribution.

Regards MrA

Alistair Strang gives his latest Chartists View on Barclays.

Regards, MrA

https://www.ii.co.uk/analysis-commentary/why-im-optimistic-about-barclays-shares-ii524916?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_080822%20(1)&utm_content=newsletter&spMailingID=20774472&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2051991268&spReportId=MjA1MTk5MTI2OAS2

Roofer61,

Made me laugh… well done. Good Luck My Friends,

Regards MrA….

Now to search for some Barclays Shares news.

Flabbs,

Thanks for sharing your reply. I hope your £1.77 arrives sooner rather than later.

Good Luck my Friend.

Regards MrA

JayK,

“Your post feels like your trying to convince yourself that its right to sell by guessing world events. You made your target, so sell.”

Spot on. In fairness pressing the sell button is exactly where I’m at.

Understanding that there are a good bunch of contributors on here, both old and new, I was having my indulgence of the analogy of a “Deal or No Deal” moment I.e in my own mind I know that I will be selling when rather than if, but respectfully I was interested in the response of the “East Wing” and “West Wing” of whether to “Deal or No Deal”.

Thanks for your response and Good Luck my Friend.

Regards MrA

Thanks for the replies all, really interesting to get other peoples views shared.

I guess I’m just thinking out loud of when I should sell my gamble purchase? I now have an itchy trigger finger as my short term ‘lump’ bought at 150.74p has reached my 10% goal at 166.00p. No such thing as Bad Profit, but I have sold a tad too early on my last couple of trades and are trying to break my own streak..

Personally, I believe a downturn is a coming and I would like to have liquid cash available to ‘rinse and repeat’ and take advantage if proven correct. In my own mind late September/early October could be when the Sugar Honey Ice Tea hits the fan. Making a list of For and Against, in addition to what has already been shared by posters here, this is what I could potentially see happening in a Nostradamus fashion…

For: Mainly Macro Reasons
Future Interest Rate Increases.
More Income Investors in the Banking Sector following Dividend Policy Announcements.
Further Share Buybacks.

Against: Mainly Geo-Political Reasons
Putin turning off the Gas for Western Europe this Winter leading to further Euro Inflation.
China attacking Taiwan meaning that 66% to 90% of Global Semiconductor Production halts.
German Economy detracting
Italian Economy collapsing.
Global Stocks Bear Market returning.

I stress, all imho, no form of guidance or advice implied, please myoc and gla.

Regards, MrA

Forecasts of at least 12.9% for October 22

For the record just 3 BofE Base Rate meetings for the year, namely:

Thursday 15 September
Thursday 3 November
Thursday 15 December

Anyone like to wager where Base Rates will be on Friday 16th December? For what it’s worth, 2.50% is my punt.

I personally think Andrew Bailey if not incompetent has managed to a very good impression of being so. What a shocking job he has done, if you can call it that, in trying to keep Inflation close to 2% just “marginally” out at 12.9%?

All imho please myoc and gla.

Regards MrA

https://www.bankofengland.co.uk/monetary-policy/upcoming-mpc-dates

A strange title as in the next breath the piece advises that the stock is a moderate Buy from 11 Brokerages? Lazy Journalism or does no one proof-read these days.

None the less a few snippets in here along with confirmation of moving averages.

Worth a read imho.

Regards, MrA

JayK, thank for your speedy reply and detailed post. Just what the Doctor ordered and Truly appreciated. As for US Day trading… my God you’re a braver man than me… enjoy your Yankee Financial Bungee Jumping … tremendous highs and lows and all that.

Good Luck my Friend.

Regards MrA

Good Morning Eastern, I hope you are well my friend? Wow… that 190p ‘electric fence’ seems a lifetime ago. All that I have read and seen is that the next positive upward target is within your ball park figure of circa 175p. The share price continues on it’s ‘snakes and ladders’ behaviour. As for guessing where we will be with the price next week, let alone tomorrow, remains as difficult as ever! I will await the BofE rate increase tomorrow to see what will hopefully be ‘positive’ consequences and then reassess my position thereafter.

I would be very interested to hear the latest Chartists views from JayK and MrWolf who are more detailed in their analysis than my ‘light touch’ appreciation.

Regards Mr A

Post Results, Investing Cube give their latest update.

Summary:

“There is a high likelihood that in the long-term, the Barclays share price will be trading above the 173p price level. I also expect the prices to continue rising and trade close to the 200p price level. However, should the prices reverse and trade below Thursday’s price low of 149, then my analysis will be invalidated.”

Long-term above 173p? Long term to me means 3years+ Surely a typo? Otherwise, hardly worth the wait.

Regards, Mr A

https://www.investingcube.com/barclays-share-price-following-second-quarter-results-shares/

Good Evening TheReducer,

“So there probably is money to be made in Barclays trading on its regular rise and fall, within a 20p parameter, if you have the funds and nerve to do so.”

Exactly my outlook at the moment.

A great post, well written. A recommendation from me.

I genuinely wish you all the best my friend.

Good Luck, Mr A

With HSBC committing to restore quarterly Dividends, Nat West’s Special Div etc this surely add’s more interest and potential Income Investors back to the Banking Sector meaning a general upward movement?

All imho.

Regards, Mr A

…then that would be encouraging to lay the foundations of a new ‘floor’ level. I personally think that we should see some upward movement certainly up to September, what with BofE and other territory Rate increases and people perhaps burying their financial heads in the sand for Summer. But thereafter, when the nights start drawing in and Winter seems not too far away, then the ‘negative’ feel may return?

All imho please myoc and gla.

Regards, Mr A