Member Info for Shaun_LSE

I am going to wait for the bounce back to 45p and sell out.
This is my prediction, the yellow descending line marks a top SP trend for the last 7 years.
https://www.tradingview.com/chart/LLOY/l2sihwBy-A-bear-prediction-for-LLoyds/

Be real, in 2007 there was the Great Financial Crisis, this time it's the everything crisis.

Energy costs jumping a huge margin 100% forshadow a recession, look at the charts. This time we have high inflation, supply chain disruption, food shortages and costs spiralling, a war that's going to affect global growth, farming is now commercially untenable due to the shortages and costs of fertilizers and equipment.

Private and public debt is at an all time peak. People will default on loans, the banks will stop lending, sky high speculative asset prices will tumble, banks will take all assets, the ultra-rich will buy everything up while 40% of people live hand to mouth.

Poverty has been soaring for the last 10 years thanks to policies that reward the rich and punish the poor compounding every year. I have never seen people so destitute, and it looks like it's going to get a lot worse.

Half of Europe's industry relies on RU LPG, it might well be cut off soon, and we're going to be back in the 1930's.

Yes and thousands of loan defaults coming. I think 20p is a few weeks away more likely IMHO.

ITV was 120p a couple of months ago, everyone said it was worth 165p! Now it's 67p it's worth 120p.

If and when it's 35p, which is not off the cards by the looks of it, will it be worth 67p?

Yes you're right, It's dropped below the 68p support level.
Does indeed look like 50p is on the horizon again. Drat!

Here you can see the current descending wedge we are in. I'm hoping for a 103, or failing that an 89 to get out. As soon as it touches the line to the right I'm selling with a return of 20 or 40%.

Alternatively I'm stuffed!

https://www.tradingview.com/chart/ITV/cdVRODqa-ITV-Where-now-for-the-SP/

ITV is making a profit and has reinstated the dividend, and has quite a low PE ratio of 9.7. I've topped up on a few more, despite the short positions, as I can see/ hope for another pump coming.

IMHO it's cheap, but despite the price drops the short positions are still there. It's putting me off picking up more, RMG seems to be a big cyclical share.

Aren't buybacks a way to artificially inflate a SP, so companies can dump and pump their own shares? As well as printing 0.5% and the current economic hell about to unfold IMO 25p is only a week away again. Watching the videos of several KM of queues in Shanghai for a bowl of soup and some rotten vegetables, the foundation of our economy has been buying their manufactured goods for pennies and selling them to our compatriots for £££'s. If they're not making anything we have nothing to sell, and nobody has an income at the time of the highest private and national debt on record. It's game over.

Well I'm back to claw some of my losses from before. A few days till the Ex div date. I'ts seems to have had the FIB retracement signing an uptrend now. Hopefully I'll get the DIV and aim to sell again about 103- 112p.

HAHA! TOM WAS RIGHT!
HAHAHA!!!!!
Good on you Tom!
All the while people were insulting him and he was giving them the best advice, it just went against what they wanted to believe!

IMHO It's going DOWN!! I have 60p support, but more likely 20p agian.

I stupidly bought in, sold out at 90p, so didn't get too burned.

Doubt I'll touch this again.

GLA!

It's a risk, £1k is too much for me to gamble, but I've put £200 in, The ex div will cause a drop I assume so I'll top up more then and on any drops.

My limit buy at 65p or under failed to execute from after 16.20. Bloody FreeTrade.

Why will the dividend be pulled? They already have announced it, surely the company owners want to get paid also?

I only asked because...
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=ITV
"ITV intend to re-commence dividends in 2022 with a final 2021 year end dividend of 3.3p. This dividend will be declared in February 2022."

And today is the last day of Feb. Honestly one simple question leads to a barrage of bickering and insults, please just stop being so immature.

Where is their announcement and dividend announcement? It was supposed to be in Feb. Last day today...

If we don't see support at 385 it's 308 :0(

I don't give a hoot what you all are arguing about. I go by what the chart says!
Unfortunately I was out all day yesterday and missed the drop and bounce off 112, I would have bought in, but I've bought back in just now at 115 and hopefully will see this up. Unless this is just a significant bounce all the way back down to 108.
I think with the div announcement people are more bullish.

It has been shorted, I'm cutting half my losses and will buy back it reverses.

Well this doesn't look good. SP has fallen below 403p, which it bounced off of in October.
I think the next bounce if we get one there seems 384.

Well, I called it, was unsure of a while, but the market has gone bear may have tipped it. Glad I sold out at 120, will get back in at 108. 3.3p div is still only 3%, I'll get more if I put in LGEN or BATS. But ITV may have another good 8-10% ramp up after the reversal. Not financial advice.