RE: Marshall Wace18 Oct 2020 17:19
I posted this earlier on the III Lloy Chat Board cannot be arsed to retype, so copied and pasted here :-)
Hope everyone is having a lovely weekend BTW
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You find not many Hedge funds like to short the likes of Lloyds Banking Group as its still in reasonably good health , even in times like today , whatever the traders shout around.
And due to its size she cannot be manipulated
Lloyds Banking Group is still making Billions , but is adding big caution to the wind by putting profits into provision’s ( a just in case the worse case scenario)
Its called been Prudent , not many companies are doing this and still trying to pay Dividends adding to bad debts or rely on Government Subsidies / Grants to pay a dividend.
Lets be honest 2020 would of been perfect opportunity year to short Lloyds shares… and only one had the Balls
Too late now the horse has already bolted and Lloyds has hit her yearly lows IMHO
Roll on 2021, and I say and LETS GET BREXIT DONE !!
Any news on a vaccine will get the recovery rolling.
Today its just sit back and ride out the storm and wait for one better day :slight_smile: