Just popped up from the cellar now there is a break in the Ashes, and felt the need to add a different perspective to the variety of strategies emerging in this thread. Personally I am pretty lazy, and like to find the most efficient route to whatever it is I want. I cannot be bothered staring into screens on a daily basis, but do listen to and absorb the various forces in the world and try to identify major inflexion points that might affect a stock. Company fundamentals, economy trends, historical trading patterns, sentiment, all combine into short term and long term movements. Being lazy, I am only interested in longer term movements, the ebullient aspects of life being of more interest short term. However, longer term positions are at higher risk of unexpected events (UXE) popping up in this dynamic world of ours, as well as creeping sentiment change. I have learnt through previous failures that I should set a timeframe that terminates near a fixed event, like end of year results, and tolerate a fairly broad range of temporary loss, but also to jump in and end things if a UXE explodes. I have also learnt to end things at the pre determined termination date and not let things drift. If it looks like a momentum stock then I start a new time framed position. I am still weaning myself off the occasional short term unresearched emotionally led dabble. Even this strategy takes some work, I can only manage about 10 positions at a time, I read company reports and listen to the analyst Q&A session, I read copiously, and I still get some wrong. In a market where there are lots of risks I withdraw to the cellar. Patience is a virtue, sitting on cash is a virtue. Enjoying life is a must - you only get one.
For LLOY, the sentiment around Brexit will likely keep a low ceiling on the stock till either we delay (temporary relief till the next milestone) or we fall out (immediate sentiment hit) - it should be known in October. The final applications for PPI are likely to be numerous, some numbers may be available in October. In the meantime, profit will still roll in, but is not likely to transfer to significantly raised dividends in May or an increase in future growth. For the short termers - I have no idea! I can only see Ashes, Rugby world cup, then a November re-assessment.