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PIng pong ding
Mr A, do hope you had a nice week away . . . sharing my inept train of thought I just closed out the latest prey.
Originally I was hoping to T of 170, though considering the week ahead, it seemed the sensible option, still its enough for Mrs W to scurry down to Aldi and grab a deal on some frozen lamb chops lol
Eastern Investor . . . loving the optimism "Barcs not messing up for at least 12 months" we can only live in hope lol
JayK . . . The writing was on the wall for the crypto exchanges, they can not survive in a positive rate environment. Lot of people left upset finding out the King wasn't actually in designer clothes lol
Though ole Fat Boy does keep hinting and pushing for the digital £, not if but when.
Best of luck with the landscaping, always best to leave that to the professionals.
Especially at our den . . . As I told the police officers, it was a simple misunderstanding. Mrs W clearly said to me that she wanted "Decking on the patio"
Rookie1 . . . Fundamentals and common sense went out the window with all the QE, lot of headwind very soon, though we all need to consider the overall picture, funds are already (not the ole school x3 months ahead) working on the basis of x6. Most are just waiting for the tanker to reverse its course.
Hence the happy clappers went risk on yesterday over the pond.
Bloggins . . . Typed with sincerity. If you can give a little and make a few adjustments for any bad grammatical errors lol, why not join this board. Sure you will find everyone on here are decent folk, welcome any constructive input always appreciated. Banter always appreciated.
GLA
Hey JayK . . . . the thing is that I don't this morning was madness, few of us were waiting to L Cable pre US waking up.
Which I had 1.13783 with S @ 1.13600 only just closed, great end to the day. Hence I peaked a look on here.
The topic of our convo the past few days has been FTX, what a ponzi scheme that was lol even suckered in the NASDAQ whale Softbank, Tiger got their tummy tickled too.
Wevva (Sorry had to do that just for devilment) we see a nasty recession or not, I'm more in favour of the opportunity and watching the snowflakes melt away this next Q' & I do agree a lot of fin's related to rate increments do seem to be finding their feet atm.
Regards W'
One does usually try to refrain from engaging in such idol tosh, If one may use the term "Tosh" when addressing / replying to such a higher authority as your good self.
Without feeling the need to use or even over use the exclamation mark (!), used at the end of a sentence or a short phrase which to express very strong feeling.
My most and humble, sincere apologies are given for any offence upon your wonderful educated awareness.
On the other hand my ole china, juzt be a tad more understanding and C these posts as a quick / kwik .... blog / shared exchange of analysis of which most of Va time, people take their VALUABLE time to try and help the newbies or institutional investors on here/ ere; wiv sum reassurance in any format.
WHere most va time im working multiple screens (easy to go off tangggjjent ) .... or is theire onley 2 gg's in tangeggejentt ?
My point being, having read back through your LSE input these past 12 yrs is and appears to only offa others grammatical
corrections !
None of which offa any1 any kind of positive, constructive association with their trades.
May I be so forward as to suggest that you find a different bored to target your expansive wwealth of knowl arge on.
Many a time I glance back at my phone screen (which is tiny and constantly catches me out with poxy auto adjustments) for me to only notice when its far to late. ........ and no I do not have the time to prouffe read.
So please accept my apologies and I look forward to reading any constructive Barc's input you wish to share with us all.
.......and the only reason I have logged on to reply, is the fact that a few "long term LSE'ers) D.M'd me to say I failed in life lol
Wivout sounding off, especaillilly in a narcissistic manor . . . when I glance at my dashboard in about 15 minutes and the see va MPG's drop from 13 to sub 10's I will take the time to reflect on going bak 2 school and why im about to spend the next hour wishing I should have been educated enough to use the train today lol.
With 1 mention of Barcs b4 I head back 2 mee den, they had a perfect bull flag yesterday arvo.
Few bod's here, went long with S's @ 152 ( Mentioned to me because they know I play with Barc's) and Im still open L atm myself . . . . . .sorry to any regulars if my grammur aint up 2 scratch, OPe it makes sense as ime on screen tpyin this 2day.
GLA and a big fank you too Boggins, will luk 4ward 2 all ya TA / macro eco analysis in the future)!"?
Hi JayK
You are totally right there, Barcs loves the MA's especially the 200 EMA
This last trade is getting monitored am & pm atm.
Mr A did ask if I would post when it gets cashed in, which I will do.
Seem's we have a few trades in common, as the FTSE is a nice little earner, IG must despise these past 2 yrs lol
Its all swings and rounabouts aye.
Im done for the day now, just logged on to reply, if you are still at it, have great afternoon.
KInd regards W'
Morning JayK
its always nice to pop in and take comparable view point, tough sometimes it can cause too much hesitance on clicking that mouse when needed.
Its always a case of DYOR and as we all know to well, not every trade works out, in fact it takes a few attempts at the obvious ones.
Where as I had been laying in the the hedge row waiting for this las t pattern since back in July, shared on here on the 26th, again when it triggered my alerts which I shared on the 12th Oct.
Once I had a gained a footing / paw in the door lol, shared on the 13th having S @ 132 moving up to 135.
Have to admit a couple of times I popped on here and had some self doubt, whether or not to cash in at 148 /150 instead it looked so text book I nearly went hard at Barcs on the 26th (also shared on here) missed only by a claw of wool.
Though now the defensive 151 is getting eaten into I have moved that S from 135 to 145 leaving a nice profit locked in for once.
Knowing a few on here were probably thinking ,why did I not cash in on the two slight fall backs, well I used to and found myself over trading and losing out on the return.
These days I find it a lot less stressful to pick some injured prey. Equals far less stalking and chasing around lol.
Regards to Barc's atm I am "Half glass full"
GLA
Hi there Moby77
Very sadly its quite simple, Barclays ended up chasing its tail to provide those sat licking the windows on the gravy train, they decided to employ A.J instead of Jes . . . where a few in the know, watched Mr Supermarket try and re rig Barclays into another Lloyds, which cost us share holders.
In fact with him diluting the sp down in his ridiculous attempt of a R.I (wtf was he thinking) all he achieved was to cause a larger problem, if Jenkins had stayed it is common knowledge we would have had a book value and structure on par with Metro Bank.
Then Jes stepped in and threw approx" the next 24 months income at the IB and a few old school welcome parties.
His gamble paid off (parties didnt) as we all know Barclays was and is the wild card amongst UK retail, due to its structuring.
So from one mind set to another they / we lost just about 4 /5 years, where as if they had given Staley the job the 1st time around, we would most probably have seen some benefit years ago.
Only thing that stopped Jes taking over was the fact that the BoD basically chose the cheaper option back then.
Like they old saying goes "Buy cheap, pay twice"
Common sense tells us, even if you are a habitual gambler consistently betting on either just red or black, eventually the law of averages, your colour will fall in place at some point. (Most ive ever seen was about 14 reds in a row)
Off tangent ,have you ever wondered why the US has two zeros on their tables and we have just the one over here ?
. . . law of averages, in our casinos Mr Wolf always has his drinks bill covered before the pit crew asks him to clear off lol.
Thats how Ive seen our sp this past decade, AJ bet the banks purse and lost, bit like a scalper on a bad day !
Which to the serious money just made Barclays appear fickle and inconsistent.
Jes came along to transform the supermarket outlet that AJ wasted years on and needed funding to do so.
Sadly Jes was too comfortable with ole Jeff, we all know how ended, with the SP getting hit again.
Venkatakrishnan & Higgins, neither deserve to draw a salary after their incompetence both allowed such a simple error, costly error !
What with the conservative party and Barclays , it beggars belief just what these ****s actually do for their money, crikey we all had fabulous CV's back in the day, but really, these fools need to pass lie detectors these days !
It leaves me yet again, like yourself and so many others . . .scratching my head and thinking is there anything that the SP has not already had priced ?
Have investors forgotten the bounce off 50p to mid £3+ without the unforgivable blunders Barclays should looking at £3/ £4 in the front of it, not people blurting pessimistic, glass half cracked prices.
When for fluffs sake will the BoD wake up and realise its the dividend and consecutive stability that makes Barclays attractive, nothing else, the economy will do the hard part.
Regards W'
Good afternoon Mr A
Good post / link, cheers as I didn't see that flag up.
Yes exactly how I see Barclays set up atm, they have and been held back over the past years, speculation, presumptive fines, Ole Ed B lurking in the background, Stavely and her oilie consortium associates (No one likes to be outed in the high courts / publicity for being known as a common brass / introducer) and thats basically her background, most of her introductions were in west end hotel rooms lol.
So my conclusion is it will not be long before the newbie city kids, who think investing pension funds in FANG is the only way forward. will wake up and realise now that the free money tap is getting turned off, they will have to turn to old school investing.
Where at these prices, Barclays will become a creeper share. . . wether or not the skeptics like it or not, it wont be long before they wake up and smell the coffee.
Without irrelevant name dropping Ive had the very same discussion with a very well known B's face in the past, who was very intrigued as to how and why I was building short on Deutsche Bank at the time.
Informing me (Barclays team of anals) were working on DB themselves, more of a concern was the structure of DB's investment strategy, which was very much in line with Barclays format back then.
There was not much difference between the two banks at the time.
The discussion was actually based on us agreeing, that Barclays low share price was in fact, was only and could only be down to institutional sentiment and that Barclays were changing 50% their income structure, un like Deutsche Bank.
Barclays is not a 2 cent Wall Street bank, yet such a proportion of income is generated across the pond, yet the US banks have stonked back since L'Bro's went down.
Whilst the UK based income has been hammered away at in form of ppi, pending SCO investigations, fines and more fines. Yet the kick in the nuts for me was the overselling announcement earlier this year.
Finally all thats behind us and now we have blurts of a global downturn.
Anyone who trades Barclays against other common comparable's, will most probably value the SP as 80p in the 2nd Q of 2023.
Where I strongly believe we will have a steady SP and not see too much damage, if any it will be felt in short bursts.
The true statistics and current sp value, do not add up as fair value as a comparable to other bank shares prints.
Having already had the ar53 kicked this past decade, gravity always wins in the end and we have been upside since post 2008.
Holding through thick and thin ive been lucky enough to see through all this indirect fudge, without sounding like a ramper, Barclays will pick up soon, forget the other background interference, that will sort itself out and before long.
After all does anyone believe we would be sub £2 if not for the last facade.
"The proof is in the pudding" hopefully no more fluff ups as the books are looking good, despite the woes of the next great depressio
We all log on to gain others opinions.
Well, sticking a paw in the mud, i'm just waiting for a 3 wave into 143 and im going to be all over this like a 6 month New Zealand lamb, covered in mint sauce.
Always DYOR and GLA
Totally agree, huge implications, just hope the "Hedge hopper" ole Risky stay the poacher and dos not turn into the Game Keeper !
Personally I wouldn't trust Hunt as far as my left foot could kick him, he covertly trashed the NHS.
So who knows, will Risky use his experience to draw back international investment or will he turn out to be another Gerry "Tombstone" Grimstone . . . who promised so much and delivers so little.
The times ive slated the BoD at AGM's and wanted to personalise that useless twat sitting there, clock watching for the luncheon !
Grim e stone was always only on board the gravy trains !
In fact once Risky was appointed chancellor, the whole financials knew he was there to take over Bojo.
Far too obvious in fact, which leads many to have confirmation that the conservatives are seriously divided financially and both ethically.
So its a storm we all have to ride out, politicians wanting to stick their greedy hands into the banking sector, whilst letting Baileys crew (previous and present) rip the back out of us share holders.
Do the sheep not realise, Barclays took all these fines and hits since the banking crash, because they didn't get tax payers help.
Its about time the BoD's grew a pair and made a stand on behalf of us share holders !
Regards W'
Hi Moby
Yeah they could have been far worse lol.
IM looking at the perfect H&S ( 1hour int's) about to drop from today move into 143/142 possibly, then a high chance of T of 170+, once 151 is breached.
Well thats how im seeing the short term.
GLA
With the intention of holding my last Barcs for T it's looking like its due a breather.
Yes I could have taken 150 last week, though its never clever holding into MA's and especially when its about to rattle the base of this current bear flag it broke out of.
No I do not expect it to reverse, just that its going to be held up atm.
GLA
Noted The R' and will look out for it, good name to choose.
Rookie1 , yep still in
JayK & partner, would like to wish you both congratulations too.
bladerunneruk good read
AngerSharkz Im sure every welcomes your input
All have a nice weekend
Good afternoon MrAltruistic
Quick log on to reply and not appear rude as i'm hardly on here of late.
Always enjoy reading your take on things too.
No I didn't cash in for a profit, despite 150 nearly got tickled today, moved my S up into profit yesterday, won't actually lose if things turn south.
Due to other commitments I haven't been trading much this year at all, more of laying in wait until a "Larry" walks past.
Usually I log on and mention when I've closed out, not the smaller day trades though.
When I do trade I don't spend as much time as I used to, in fact I look at a chart ad my rig and set alerts.
Search for anything related to the trade and wait till everything falls in place.
Like many others I got caught out personalising Barclays (Should ave, could ave) as Mrs Wolf likes to reiterate.
Without this sounding brash, when I trade, trade eg like this week, it would probably cause a few others some sleep loss lol.
I openly admit I have owned Barclays shares for a very long time now, all of which once returned me hefty dividends.
Then I did the unthinkable and averaged down, not once either !
So Barclays have been a very painful experience for me personally, now the dividend should pick up, hopefully the poxy price will too. . . which will make it far more comfortable in the future.
One thing it has given me back, is the ability to glance at the screen, minutes not hours, allowing more time to get on with other projects / profit related.
What is certain though, during the 2nd quarter there is a lot of positive interest being drawn towards Barclays.
In fact if Barclays had not of let its investors down yet again (over selling) we would for certain have seen far more strength by now.
Without sounding like a ramper, wish you and everyone else a wonderful weekend.
Regards W'
Yes, good points made from everyone else today.
Just a quick log on as I see both the UK & ADR made a strong move this afternoon.
Of which I have moved my S upto 135 now as it was a trade I want to leave running for T.
It should be good from here, who knows lol.
Logging off again, all the best W'
Good morning Rookie and others
Quite pleasing this morning as I went long yesterday afternoon with my S @ 132
Having earlier hinting I see it had dropped nicely into a set up, was just a matter of the lower increments to signal.
Few friends have been discussing punting on Barcs since the end of last month, one of which got stopped out in under 15 minutes. Painful false start as I know the volume he works with.
Having just had a text off him this morning it appears he also went long @ 3.15pm, great minds think alike lol.
Either way Im not showing a loss and hopefully its worth the wait (since July)
Years back on here, some people shared when they were comfortable placing a trade, whether it was a day or a T trade.
Then this group went to the wall, seems a few of them migrated over to lloyds by the sounds of it.
So I thought it s no harm in sharing my thoughts, we all know what DYOR stands for .
Who knows, this might get closed out this week or I may have a good ride on the back of this one.
As the ole saying goes "Man who tries to pick bottom, only ends up with smelly finger!"
On that dismal attempt of humour, it is nice to see so many other decent views being shared on here once again.
Im done, trust you all enjoy the rest of the day
Regards W'
Hi DT
Your question pretty much answers itself, we must have the highest rate of inflation out of the G7 atm, chuck in a few months of the government, BoE admitting once again we are officially in recession.
It seems a no brainer, the UK is going to endure stagflation.
Bailey might even refer to it as Tttttttttttansiant (He stutters when he lies)
Must log off now as Im trading today and LSE is a bad distraction lol.
All the best, regards W'