I have Lloyds on my watch list but have been reluctant to buy even though I am changing my portfolio to a long term instead of short to medium. Whilst the rare day trade is fun I am avoiding it these days in favour of enjoying life away from screens. Today I have considered that perhaps the time is right to buy a load but my finger as failed to press the buy button. I have been put off not by Brexit but something much worse. Our politicians have taken their eye off the bigger picture of how the country performs. UK plc is on the ropes as law and order has broken down. This week I had reason to visit an A and E (Not for myself) and what I saw was chaos. The problems coming through the door was gob smacking. There where four police on the door. One told me he had been there for seven hours!! I visited an east coast town centre. It was dead and locals said they now avoid it. What I have decided is that Lloyds is still not in the right place and will hit year lows soon.
I have decided this week to sit on the fence. I have protected myself and will watch all the fun and games. Over the last two years I have become more and more cautious and when I cannot see where things are headed I prefer to become a hermit..
Interesting scenario. Eleven quid to 76p. Basket case but Woodford has bought back in. I think he may be right because this crock has a lot of local council contracts and they are a licence to print money... Ten years ago here the council outsourced all their work. So far the bin men went pop but Kier have continued to mend roads and fill holes and if they to joined the bin men I would have to buy a half track.. I think this crock will rise from the ashes..