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@ Mr A - Sorry but your local Star of Bengal's a tad far my ole paws chap lol.
Though one can highly recommend The Regency Club,Queensbury Station Parade, Edgware if anyone likes traditional dishes. Over the years we have tried most of the popular (word of mouth venues) only one that I ever recommend is T.R.C.
@ JayK - You will never make a Jedi if you do not trust the force i.e Elliot wave, EMA and Mr fibonacci lol
Combined with a Bear or Bull Flag, to me is like sitting at the traffic lights on some plotted charts.
Can honestly say I would not place a trade on macro or gut feeling without plotting out a decent chart first, which always includes an old school E.W
Which leads me to wish you and others a good afternoon.
Didn't manage to get the action off the Dow I was hoping for so i'm off, handing over to auto pilot lol
GLA
@ Zebbo - Nice.
Thats was a lot less painful than some of us addicted / inflicted holding Barcs lol
Always nice to read when others take profit, keep out of that Rolls Royce show room once your Barcs shares clear in your account lol
Well done.
@ JayK - With the FTSE there is always key times, without stating the obvious.
Of which today was very drull indeed.
Im sure you know by now which strategy suits you best, thats all that matters.
If you have been out with the "little one" today, am I guessing correct and it was the latest addition to the snowboarding club ?
If so, congratulations to you both.
Looking at R&R's results I bet there was a few manager's going through a some Andrex rolls earlier over their shorts.
Been trying to sort other bits out myself today, got distracted and ended up trading a few bits.
Not sure if you have seen the meme floating about past year or so, its got a women laying in bed next to the Ole man.
She's looking up at the ceiling and thinking to herself "I bet he's thinking about other women"
He's laying there and all you see it a picture of a chart with some trend lines and candles lol
On that note, Im gone.
GLA
@ Zebbo - Dont they always ?
Key element I learnt years back, scalp away to your hearts content on the Dow, only during momentum though.
Soon as the action goes off the boil "Duck" as those Bots will destroy anyone using derivative feeds.
Don't think anyone has ever gone into that arena and comprehended, the speed and capacity those Bots can take out a retailers.
As you mentioned, yesterday was not the time to call the Mario Bro's & their plunger, though The Bears are out and its obvious from the noise their bellies are making, there are a few nice salmon are swimming up stream atm.
@ Jay K - Yeah yesterday was another good day, trust you are conversant now with S' the HH's and B' the LD's now.
@ best of luck MrA notice you are curtain twitching atm for a nice entry point.
Having already posted my reasons for not going short over pre & post div date below, unless Pooh tin does something really silly, the usual "smoke and mirrors" will play out with Barcs.
Throwing a total guess in the mix, as to why the BoD are delaying those buy backs, it falls around the same time Barcs usually pull back.
The last pour of buy backs had little effect due to the scandal, selling no confidence and having nothing in the tank.
This time it appears Barcs have gained a lot of ground in sentiment alone.
If the charts are correct once this last small C wave concludes, we should by all means see a nice upwards trend form.
Obviously taking in account the usual M.A's & associated factors along the way.
looking forward to the end of March for when the divs land on the mat, apart from those with an open spread bet as the adjustments will be either credited or debited today.
As always GLA
Good afternoon TerryMC1
Not sure if your are playing with The Big Boys today, they're bullying me, they always do when the volume drops off and the dogs pick up my scent.
Crikey trying to beat algos and bots on the Dow these days is near impossible, few times this afternoon I,ve dodged the Bulldozer.
Getting off the DOW in momentum is like stepping off the conveyor at Heathrow lol
Just hope Ole Faithful shows the SP some discipline in the morning, maybe even "Give him a slap Archie, let him think he's back at school"
Guess a few are not sure of that quote lol
I'm off GLA
Good point made there, though are you factoring that Barclays were also dropping their trousers and asking for the Lurpak (Over selling scandal at the same time)
Doubt if we see much movement here once it goes Ex DIv . . I f I did I'd be opening a short.
Nothing concerns me today apart from the Fed's strategy over the pond.
Managed to chase some decent points off out FTSE this morning off the back off their last session bum twitch.
Which some over here were focussing on how bad Lloyds projected their year ahead, as they are exposed to the housing market a tad heavier than us Barcs are.
As per we usually get some indi interference with Barcs, though we do have the 100 EMA right off line, even nibbled the tramline this morning.
Supporting their act is the 121's and the main event is our chart topper "The 200's" who always give a cracking performance. lol
Though as always its everyone to their own, aye.
When it comes down to owning Barclays, nothing would surprise, certainly not more problems, we only hear about when its far too late.
GLA
Hence my reason for not going short atm.
@NewDealz - Couple of questions referencing the link
1. Is that flying out of Canary Wharf and in UK air space, if so, does is have enough fuel for +mk2 ?
2. If it's taking off from 7th Ave N.Y and in US air space, how long before some plank requests that Biden gives permission to down it ? lol
@MrA - Your link is quite concerning if we stop to consider what was in the minds of the likes of WHO and The United Nations (Formalising their Agenda 21) Even makes one reflect on fiction like Blade Runner.
Off now, no momentum from the US, they are to concerned about balancing their ratio to debt ( trillions of which is still not factored in, which should be) "Nothing to see here, please move on"
Wish everyone a wonderful weekend.
GLA
Nice to see Natwest take one for the team today too, least it's not just us !
Looks like they dropped back to let the sink land in front, they threw everything they had at them results by the looks of it, least they were honest enough to mention that they are not all that optimistic for 23.
Unlike the "One trick ponies" Barclays have a variety of income avenues.
Which we all know form the past decade have not all gelled together, US IB arm, Card related income, retail over here should balance / offset interest margins with the Herbat's losses thoughout the next few Q's.
Everyman and his dog jumped into owning Lloyds and Natwest, only if our greedy, inept Bod's chipped more into the buy backs, we would gain back favour.
Whilst the competition are financially rewarding their shareholders with more respect than Barcs BoD show us . . . I doubt we will see any momentum.
We need to face fact, despite the new faces on the Bod, they're still snotty nosed, greedy Herbats !
So how many of you are prepared to visit Westminster in May for the AGM . . . Eggs and rotten veg wont get picked up on the entry scanners.
The AGM is a great opportunity to for investors to speak their mind, always entertaining watching the "Super Glue Gang" attempt their stage act.
Friend of mine once waved a set of Handcuffs at the HSBC's CEO Gulliver, Ole Gulliver lost his composure, his toys flew right out the pram !
Micheal is well known for ripping the @r$e out of the Barcs board, quality to witness it, sheer quality.
So if any of you are up for the craiq get on a train and head down to the QE2 Centre.
Regards W'
@ Bold Eagle - Hey there B.E long time, trust your well and in good profit.
@ NewDealz - I was thinking the same about the DOW pre Trump / the tea ladies back with biscuits. "What goes up, always comes down"
@Slim & Ret' Think we all have similar view points on that matter
Not ever having asked that question myself and if im honest , rolling my eyes when it does appear (chuckle)
Just presume it might just be a non Barcs enquiry and they just want some clarity. Most of us are familiar with the answer / location, though in fairness to some, they may just want confirmation.
Suggesting Mr A posts its each morning was meant as both informative to some and to save others posting the same answer every 6th post lol.
TBH I suppose its like learning to drive, we've all had L plates on at some stage and pulled away from a roundabout on Kangaroo 4 star. Much to the horror of others trying to get around you.
Anyhow back on track, as a MaryBr190 put further down, "Looks like we may drift a bit" totally agree, looks that way.
The 200 ma should provide enough support as a ceiling, unless Barclays starts to impersonate Frank Spencer in his loft.
Anyhow I'm done today, auto pilot engaged (hoping it all sticks lol) I'm off.
GLA
@ MrA - You might wish to cut and paste your post each and every morning on here, as we all know that is going to be asked each and every day lol
"Anyone know when the divi is ?" though, maybe this year it may wish to be identified as a tangerine ?
Good Morning to all and sundry
Deep breath , yes what a day yesterday turned out to be aye.
Did flit between the FTSE and Barcs, making most of the chaos.
Did pop on just pre lunch time, was focussed on trying to judge and balance out what was momentum and just toilets getting flushed lol
Either way my bulk got closed a little close to noon (did post) nice little earner from our recent triple top.
So i'm back to being bare ar$ed and open(divi hunting) only thing I can see atm is the usual adjustments from contributory interference.
Most on here are aware of the difference of using basic M.A and EMA's of which yesterday for anyone scalpers was absolutely picture perfect.
The SP jolted hard on the 121 it was a no brainer to place a trade on the dead cat.
Still my personal opinion of Barc's BoD is that of a complete sham of inept window lickers.
Its sad when you are heavily invested in a company like Barcs (balls deep) and you've very little faith, what so ever in the BOD's and its clear if the business had decent control it has full potential over most others.
FTSE had everything chucked at it yesterday afternoon see the Bears even throw the tea lady out the window at one point, which I was being very sly and sat stalking for the moment when the Bulls chucked the sink at it lol.
How many others (I know Mr A will) recall the ole Orange advert early 90's "The futures Orange" - only if you could get a signal that was lol.
Well, without sounding like a ramper again, "The futures blue" unless management totally fluff up again, this is now completely a clear BUY even to the numb nuts out there.
Barclays should never be priced in this range, even with Jenkins nearly running it into the ground and diluting the SP with his R.I fiasco, we should not be sat starring at a crappy SP this low.
Hopefully, paws crossed not for long either, just need to iron out the usual chafe this month.
GLA
We aren't out the woods yet & Don't count ya chickens.
Bit in to the 121 EMA like Ole Mike Tyson did with Holyfield's right ear, half expected to hear 200's door bell ring lol.
. . . What a session that was !
Can count on one paw, the amount of days I have actually gone through from open to close.
If your scanning through this lot JayK, trust you have been all over the FTSE . . . crikey at one stage I noticed a sink fly past my ear, everything go thrown at that this arvo.
Either way, thats me done I'm done.
GLA
@ retirment - Yes a wise call there. As per my shared post at 11.55 all my shorts we closed.
Cut an paste from 25th Jan, shared between MrA and myself "you are reading my mind lol . . Yep its still showing a deeper correction, turned off the 200 month M.A nicely"
You should have another chance to get back in, yes I am still holding Long and will give you the heads up if I swap strategy.
Happy to make off the double bubble atm though, hence dropping shorts as and when I see fit"
So when we ran out of steam and hit the 3rd attempt it was a no brainer, once again.
My hope is that we do deflect, yet again off Ole Faithful (200) and enjoy the ride.
This afternoon will be interesting to see how the US view our performance today, im happy with my decision.
Shared before "Man who always tries to pick bottom, only ends up with a smelly finger" last shared on here when I was heavy Long @ 130's.
Barclays have been so predictable since July 22, just hope they continue to be.
GLA
@LWHL . . . good, valid post.
Hi to all the reg's who contribute too, this board back in the day was a hive of decent folk, both here and across the pond.
Sadly it got trashed by a few donkeys , though it has picked up a decent pace once again and is always a pleasure to reads others view points. Positive or negative, its still a contribution either way.
Personally I prefer to post / share as and when I commit to any related position, though I would not expect others to "Stick their heads down the same loo" lol
Its taken me a long, long time to read between the lines and trade Barclays and keep my fur.
Like TheReducer posted posted further down, having an exit of £2.40 . . . well if theres no obvious momentum around 2.40 we'll probably end up barging each other through the exit door lol.
Never personalise a losing trade , it becomes toxic.
At the end of the day, always dyor as its your account they ask for when theres a margin call lol
Morning all
Trust this day finds most in profit and rubbing your paws together.
What can I say, apart from the fact I half expected a total kick in the nuts again, chuckle, not lol.
Which will make sense to others as to why I started to grow a hedge weeks back now.
Noting the triple top was going to need a can of Red Bull to push through and months back the US arm / income was announcing concerns, this morning was expected. Not 10 flipping % !
Crazy, must admit even my tail started to twitch minutes in to the open, seeing the stalled phone symbol holding out, whilst the books got balanced.
Well, what can anyone say, apart from the fact we didn't see a 4.5 next to the divi !
Im happy with 5p , would be nice to have seen a special dropped in the mix though "Tight, selfish Bankers"
The trouble now is, the usual retail punter will get all excited and macaroni their pants, when Lloyds throws out a stronger dividend. Leaving the brave and reckless trading into Barclays.
Any how rant over.
This pull back was looking tasty, it launched off this MA back on the 15th December, falling nicely onto the rail and is showing good hidden divergence.
Looks like a few loo rolls getting used up this morning lol, though we have got ole faithful (200 ma) in the sight.
So thats why i'm closing shop (shorts) now and taking profit, leaving myself and others alike, awaiting the dividend.
Paws crossed that ole faithful holds out or i'll be whimpering until we pick up the pace again lol.
@ MrA - Well that raised a few smiles "Roobarb & Custard", didnt think even You Lube would allow material like that, even these days . . . That clip showing the kid on fire OMG We should get together and sue the BBC for causing us a life of phycological trauma, mind you it got the message across lol
@DB2014 - Yes, same thoughts this end. Though can't help the fact the US Banks shares stomped back into form since L'B's crash and Barclays did not even catch any scraps that fell off the table !
Hence why Ed B waged such a risk attempting a seat on the board / wanting to re-vamp Barclays.
Can't blame him really you go long (leveraged) with such a purchase, while on paper you have a company that if you tweaked it a tad, cutting away the costly sectors (which absorbed money like a sponge) we would have seen the share price rocket for a couple of quarters. Crikey Market CAP at that time was pony compared to the scrap value /Net Assets.
Id have thought tooth an nail to give hime a seat if I would have had thought Barclays would continue to take the rise out of us share holders over the "Promised" progressive div's . . . only Div's was the one's that voted against Ed getting a seat.
O.K we would not have such a diversified Barcs today (basic retail) but we would have all sold up and taken profit by now.
@ Giantsquid - Interesting point that he makes, though referencing 67 is a far cry from commodities and inflation in 22/23.
So many factors out of sync with 67. Interesting to hear Andrew Forests input on 23 though. Cheers for sharing.
@Jedi614 - Half expected "Whats the time ? " Instead of "Whistle time?" Yes indeed, looking good.
Though I am scalping some shorts throughout every opportunity lol.
No brainer really as my current Long (lamb chop) has been marinating all the way from 134 1st stop @132 (closed a few times and re- bought on obvious R) all of which were shared on here as and when.
It took until Oct to trigger, though thats when the whistle blew for me.
Below is a cut an a paste from my July shared plot / opinion . . .
"It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year.
This would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +"
Hopefully Barclays will get some recognition reflecting in its share price next month, this has not been a comfortable share to own and trade all these years, thats for sure !
GLA
Good day all,
@ Mr Altruistic - you are reading my mind lol . . Yep its still showing a deeper correction, turned off the 200 month M.A nicely.
You should have another chance to get back in, yes I am still holding Long and will give you the heads up if I swap strategy.
Happy to make off the double bubble atm though, hence dropping shorts as and when I see fit.
Off topic - your a product of the 70's OMG we had the best TV adverts ! either it was Peter Davidson talking to his watch - mash gets smash, Hartley Hare acting the twat, Jamie and Wordsworth ! . . . and those safety adverts that terrified every kid showing their mate getting 275KV up the ringer ! While waiting until Sunday evening so that you could record the charts onto cassette. Just as the No1 started you could all but guarantee, some pillock would walk in your bedroom / recording studio and ask some stupid poxy question !
Bored on a school holidays an getting mates to lay in the road, whilst you thought you was Evil K on ya Super Tough Burner, jumping over them on a home made ramp lol.
@ JayK - Glad to hear your having fun out there, if you have not yet seen it then I highly recommend watching "lillyhammer" when you get the chance.
@LWHL - Think we are a on the same page there my friend.
Not sure if you watched the resent Chan 5 documentary, The Body In The Bag . . . The UK Corporation written all over it, fair play to the production team as they broadcast just enough, to enlighten but a few. Saying the least.
@ DB2014 - Good valid point, no one has the same strategy aye. It would be boring if we did.
Though in the defence of those waiting for entry or re-entry, in the words of Warren Buffett . . .
"It's only when the tide goes out that you learn who has been swimming naked"
@Warsaw - Trust you liked that, you are partial to a W.B quote.
Yeah, lots of eyes focussed on Barcs dividend announcement, just hope that the BoD's are not as arrogant as they have previously been.
Just heading off, though I'll share this quote from ole George Soros . . . "There is no point in being confident and having a small position" good advice if and when we see a peach lol
Just off now to contribute to the TFL's Ulez and congestion charges.
GLA