Member Info for MrAltruistic

Summary:

“In my opinion, it (Barclays) has the capacity to make further gains after its recent rise. That said, if the economic outlook deteriorates due to Covid-19, recent growth in the bank’s stock price may be reversed to some extent. This threat appears to be included in the bank’s share price, which could signal long-term appreciation potential.”

Less than a month to go...

AParma,

Thanks for your input and outlook. As you say "choice is always a personal one depending on how you want to invest or trade." I personally wear two hats with this stock. One "hat" being a medium to long term hold looking for £2.00+ return minimum. The other "hat" when i am ready to jump back in, being a short term purchase ideally looking for at least a 10% return.

Good Luck my Friend.

An interesting read from IG which balances negatives with positives and essentially leaves you to make up your own mind as whether to Buy, Sell or Hold Barclays in 2021. Not a great help to those seeking definitive guidance.

All imho please MYOC and GLA.

https://www.ig.com/uk/news-and-trade-ideas/can-barclays-shares-reverse-latest-drop-or-has-a-bearish-trend-s-210114

Rookie1,

That’s the thing with the market’s... just when you think you understand how they work, you get a financial slap in the face. We’ve all been there... myself included.

The very best of luck.

Funnily, one of the examples used here is Barclays!

Please note I am NOT looking to recommend, suggest, or advise that placing Short or Long bets is advisable.

The link is for information purposes only.

https://www.ig.com/uk/trading-strategies/spread-betting-for-beginners-a-step-by-step-guide-210111

A bullish research note on European banks has identified Barclays (LSE:BARC) as one of the region's best opportunities for investors eyeing a potential re-rating of the beleaguered sector.

Arguing that now is the stage of the economic cycle to own banks, UBS analyst Jason Napier says that European lenders, as a group, are now adequately capitalised and reasonably well provisioned against loan losses caused by the pandemic.

He added: “We see banks as a good vehicle for expressing a positive stance on the post Covid-19 macro recovery.”

https://www.ii.co.uk/analysis-commentary/uk-bank-shares-best-opportunities-2021-ii514719

Summary:

Barclays share price forecast

Baclays stock is trading at 151p, which is slightly below this month’s high of 157.95p. On the daily chart, the price has formed a double top pattern, which is said to be bearish in nature. The price still remains slightly above the 25-day and 50-day exponential moving averages and the 61.8% Fibonacci retracement.

Therefore, while the overall trend is bullish, there’s a possibility that it will fall to the lower side of the ascending channel at 140p, which is 8% below the current price.

https://www.investingcube.com/barclays-share-price-could-fall-before-bouncing-back/

Rookie1,

If they fall to a £1.00 for the reasons of a market correction, and even if at that level proves not to be the bottom, I would not be overly concerned having money invested in them. In fairness I would probably buy a decent amount at a £1.00 or less.

Rookie1, please understand that this is not a criticism of anyone that places shorts, far from it, but they’re not for me - they just doesn’t sit well with me. I struggle to enjoy the end result of making money on a company’s downfall. I guess it is what the Germans would call schadenfreude? To me me it’s like betting on your football team losing and taking pleasure from it.

I try not to get emotional with the markets as it clouds my judgement but I can confess that I always feel a sense of relief once I have sold a stock... especially if it has returned me a profit. Not sure of whether that feeling of relief on a sale is just me?

Sincerely hope you make some money.

All imho please MYOC and GLA.

Bank of England Governor Andrew Bailey indicated that cutting interest rates to 0% or below (a.k.a. Negative Interest Rate Policy) was not likely anytime soon.

"GBP/USD rallied above 1.3600 on diminished likelihood of Bank of England (BoE) policy rate cuts. BoE Governor Andrew Bailey downplayed again the possibility of negative interest rates pointing out “there are a lot of issues with it”. We expect the BoE to keep the Bank rate at 0.10% through 2021 and see the risk GBP/USD trades closer to 1.4000," says Elias Haddad, a strategist at CBA.

https://www.poundsterlinglive.com/gbp-live-today/14824-pound-sterling-rallies-against-euro-and-dollar-after-bailey-pushes-back-on-negative-interest-rates-at-bank-of-england

Rookie1,

Genuine thanks for your reply.

In fairness I think if/once the US tech bubble pops this year... then the proverbial will hit the fan. However, I thought a correction would have taken place in 2020 but that came to pass. Once Biden passes the US stimulus package and/or issues cheques of circa $2,000 per US citizen to spend within the US economy then a further uplift of stock prices should take place. That said, I see a rinse and repeat again of what happened last year I.e. a significant percentage of the US citizens that were previously given “free money” via the last stimulus package did not use it as a spend towards the US economy but rather “invested” it via the likes of the Robin Hood App in recognised Tech Stocks via the US stock markets. With the rules of supply and demand still being equal, massive increases in Valuations occurred with Joe and a Mary Public currently sitting on Paper Profits. Watch history repeat itself. As for a fall back to a £1.00 short term I.e. before 1st May, on the proviso no correction has already taken place, I don’t see it. Following a correction anything is possible.

I stress, purely my worthless opinion, with my own interpretation as to how I have arrived at it.

Good Luck my friend!

Rookie1,

I can’t disagree with you of £1.35 being a probable price drop on the radar short term. But sub £1 eventually? Really? So as a betting man when would “eventually” be?

Curious for your views.

Good Luck.

UK Trade Balance (GDP) and UK Manufacturing Output Numbers due to be announced this Friday. If, like me, you believe a Double Dip Recession will be confirmed and/or announced then I would suggest that any short term traders proceed with caution towards Buy Orders this week.

All imho please MYOC and GLA.

UK Trade Balance (GDP) and UK Manufacturing Output Numbers due to be announced this Friday. If, like me, you believe a Double Dip Recession will be confirmed and/or announced then I would suggest that any short term traders proceed with caution towards Buy Orders this week.

All imho please MYOC and GLA.

My final link for today:

The investing world changed suddenly with Pfizer’s vaccine announcement. “The stock market recently saw a rotation away from large-cap growth companies that have led performance for most of 2020 (such as Apple, Microsoft, and Facebook),” says Guntli, “and toward smaller-capitalization companies as well as more cyclically focused value sectors like energy and financials.”

https://www.forbes.com/sites/chriscarosa/2020/11/16/this-is-why-you-should-know-about-market-rotation-right-now/?sh=5b03488354c4

Another journalist who advises that Investors are taking profits from Technology stocks and rotating them into undervalued cyclical stocks? "Therefore, today’s rally is partly because of the rotation to an industry many investors believe is undervalued."

https://www.investingcube.com/barclays-share-price-is-ripe-for-a-bullish-breakout-chart/

Again whilst this link is not specifically related directly to Barclays, i believe it is relevant to all Investors in Banking Stocks as to potential reasons for future price rises?

https://www.fool.com/investing/2021/01/07/why-jpmorgan-wells-fargo-bank-of-america-and-other/

A steer from the author to indicate that "the second half, of the year could be more positive for the banking sector." Hardly a "scoop" but none the less, a quick, to the point read.

https://investomania.co.uk/2021/01/will-the-hsbc-natwest-and-barclays-share-prices-deliver-better-performances-in-2021/

A belated Happy New Year to one and all.

Whilst this link is not specifically related directly to Barclays, i believe it is relevant to all Investors as a possible risk warning.

https://www.theguardian.com/business/2021/jan/06/ftse-100-stock-market-bubble-risk

...a Peaceful Christmas and a Prosperous New Year.

2020 will be a year we will all never forget. With the Coronavirus vaccine now being rolled out, a Trade Deal agreed and with the longest night of 21st December having come and gone, let’s not focus on the past and look forward to a brighter future.

Good Luck and Best Wishes to you one and all... and remember there is NO such thing as a Bad Profit.