Discussion
Yes spot on I bought at the high point there. My reasoning was it had broke out of the [all day] congestion so I thought it was an indication that the buyers were in control. I'll hold on to them. I dont see Lloyds doing a Northern Rock anytime soon. Maybe I'll buy more Monday too.
Whats interesting about Barclays - some profit taking prior to close maybe?
Whats interesting about Barclays - some profit taking prior to close maybe?
rinker said:
anonymous said:
[redacted]
Thats the bit i dont get either, but i am sure someone who has Lloyds tsb share will come along and explain.That's what happened in the RBS case, except that the Govenment was the underwriter...
Have an amazing ... as in how the hell do they expect anyone to fall for it..
Offer from HBOS - buy shares at 113.5 - trading on friday @ 67.5p then trade them for 0.6 of a lloyds share (based on a value of 173.5) last quote I saw for them was 129.5..
Err - is that just a mechanism to throw money away ?
Why they even bothered to post the offer to me?
Offer from HBOS - buy shares at 113.5 - trading on friday @ 67.5p then trade them for 0.6 of a lloyds share (based on a value of 173.5) last quote I saw for them was 129.5..
Err - is that just a mechanism to throw money away ?
Why they even bothered to post the offer to me?
51mes said:
Have an amazing ... as in how the hell do they expect anyone to fall for it..
Offer from HBOS - buy shares at 113.5 - trading on friday @ 67.5p then trade them for 0.6 of a lloyds share (based on a value of 173.5) last quote I saw for them was 129.5..
Err - is that just a mechanism to throw money away ?
Why they even bothered to post the offer to me?
Thats cleared it up for me then, Thanks,Offer from HBOS - buy shares at 113.5 - trading on friday @ 67.5p then trade them for 0.6 of a lloyds share (based on a value of 173.5) last quote I saw for them was 129.5..
Err - is that just a mechanism to throw money away ?
Why they even bothered to post the offer to me?
I will throw this offer away.
Don't worry, I am quite sure most will have sold out at the highs of the day!
Coming up to year end when liquidity will be poor and many banks reporting, you really do need to have luck on your side to flip these stocks out for a marginal profit after you have covered dealing costs...hardly seems worth it at the moment, there will be better opportunities to play, right now neither the fundamentals or even short term technicals are telling you these stocks are a buy...good luck!
Coming up to year end when liquidity will be poor and many banks reporting, you really do need to have luck on your side to flip these stocks out for a marginal profit after you have covered dealing costs...hardly seems worth it at the moment, there will be better opportunities to play, right now neither the fundamentals or even short term technicals are telling you these stocks are a buy...good luck!
Hopefully more friendly advice than warning.....the rationale is that you enter a trade for a reason based on fundamentals, price action or technicals.....with an upside target or stop loss...you can roll the stop upwards if in profit, but best to take the stop loss if prices go against you....at this point, things are clearly not going as you expect...so therefore best to get out while you re asses......if it goes against your original thoughts and you stay in, you tend to have less conviction on the position and are at the mercy of flows....if you have a clean slate,you can then enter the strategy with better location, if and when you have a reason to.....it is easy to get lost in the forest, not seeing the wood for the trees (sorry!) when you have a position you are not in touch with and ultimately miss out on a better trading opportunity....Good luck.
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