RE: Surprised!16 Jun 2020 18:14
Not a good share to trade falklandinvestor IMO, but if your intention is to try day/weekly trading Lloyds why wait untill they reach 45p?
Surely with unpredictable markets the best time is now, by the time Lloyds reach 45p the market won't be so volatile and neither will Lloyds.
Lloyds traditionally has a low beta value, not a good indicator when day trading. Currently Lloyds beta figure is around 1.3 but is normally 0.8 or less.
In normal times Lloyds is a slow mover and no wonder with over 70,000 million issued shares.
Don't forget the 0.5% SDRT plus the spread and dealing cost before any profit, and that's if it's going in the right direction.
I'm sure many have successfully made money here lately, myself included but as/when markets recover Lloyds in my book is a buy and hold assuming a healthy dividend is reinstated.
Just saying.