RE: Lloyd's SP24 Jan 2020 19:05
Here's the thing & getting right to the problem with Lloyds ...
When Lloyds has a decent rise - why cant it hold it ? It cant hold because everyone sells into knowing full well it will drop again ...its a self fulfilling prophecy .
What needs to happen is that people become afraid to sell for fear that it will keep raising & they cannot buy back in again cheaper .
Now how we get the stage that Lloyds stops been a traders share ...there is no quick answer to that . It has been a trading share for the last decade . Now , okay the divi is good but about the share price performance ? Its no good you talking about the divi if the share price is the same as was 10yrs ago - thats only good for new investors .
Im afraid this year will be another dreadful year for the share price , another one wasted . The only hope is that the trade deals get done & brexit is very good for th UK .
I am a LTH holder who also has a trading tranche - & as long as it remains a traders share I will continue to trade it .
Oakie