Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A few posters on this board have alluded to the SP being held back by the car loan issue. If you track the SPs of the other UK banks, that view has no basis. I believe that that particular contingent liability was priced in at an early stage. In the meantime the SP momentum driven by a certain large buyer in the market continues at pace. Better days for the LLOY SP are here right now.
The filtered posts of the mad, the bad and the just plain ugly lie silent in rows on my feed as in a cemetery - and their ghosts still haunt this board as a warning to those who would short this share. We watched with open mouths the panic posts hit our feeds on this last day before we go ex-dividend. Watch the automated buy trades ramp up tomorrow to assist the SP continue to get comfortable heading into the mid-50s before kicking on to the 60s with the wind of a quarterly update later this month. The economy is clearly beginning to recover and inflation will continue to drop over the next few months - it was instructive to see Tesco this morning announce that price rises are slowing. Buy back momentum and a recovering economy will be game changing for the share. And as we watch all that, the graveyard of filtered posts in our feed will hopefully reduce as the ghouls cease to rage against the light.
This afternoon as I look at the long silent list of blocked posts on my feed - it was ever thus - I can only imagine the diatribe - none relating to LLOY and where the SP is heading - spouting from the darker elements currently frequenting this Board. They have had a break from the fear of deep loss over the weekend but tomorrow the automated buying starts again and that angst seeps into the pores of their skin. Will that trend we are seeing continue tomorrow? For them it haunts their waking moments and leads to sleep deprivation and inevitable poor health. Who with any nous would short this share at 41p!
For us LTHs and our recently signed up brethren, current momentum of the share, indeed the whole sector, gives us much optimism for the year ahead - a year of recovery.
Looking forward to another week of fireworks. Bring it on!
LBP - I have one account. Have been a LTH of LLOY shares the number of which will remain only known to me. I hold them for the dividend.
Some day I will sell but no pressure to do so and I won’t be missing out on this rally. There was always going to be a big rally of these shares - oversold on the downside and with a reasonable chance of getting unsustainably high on the upside.
So I have one account. With my work I would never have time to post under different alias’
What is v surprising over the last several days of what is a sustained rally is the lack of good reasons being put forward by our friends (now bereft of shares having exited too early or sitting on the burning detonator of a mistimed, foolish short) as to why LTHs should sell their LLOY shares at this point, particularly if the technicals are correct. They do not put forward any cogent reasons why our exit point should now - rather they throw out comments without substance and laced with a touch of malice. If there were prizes for lost opportunities, LBP, you would have garlands round your neck.
Portfolio Power
Spot on re the impact which Q1 earnings are likely to have.
Maybe I missed any prior commentary re the technicals (in which case my apologies) but predictions on SP based on technical analysis have historically been proven to be more accurate where you have a major automated trader (in the case of LLOY, buyer) operating in the market
ImaRight
Last point I want to make is that the improving UK economy, a BOE interest rate which will remain elevated through the year, the current SP technical indicators and an SP which has some serious catching up to do represent serious risk for your wealth and your health. For me that is an unacceptable risk.
ImaRight
You can abuse all you want but the current SP trend is too strong for whatever position you have and the SP is mooning at you as it passes you by.
No one wants to see anyone suffering wealth damaging losses. Time for you to change direction. You know that you need to do so.
Calling those shorting this stock - you are clearly hurting judging by the bile you are spewing in the direction of anyone who dares to acknowledge where this share is going - ie North. Cut your losses now before you get seriously hurt. All the economic indicators are pointing to a UK recovery. As we go through the rest of the year you will be lacerated by the impact of a rising share price driven by the announcement of improving economic indicators. Don’t forget - LLOY is a barometer for the UK economy. It’s called recognising the trend.
Looking forward to this breakout taking us back into the 70s/80s. It was always going to happen - looks like now is the time.