Time flies, so an update on thoughts on markets including LLOY.
From opening this thread when the sp was around 57/58 it has certainly dropped.
The several posters who suggested 50 p as a possibility certainly proven right.
I was convinced of it as soon as I read the last results. Was shorting it heavily on the day.
Where to from now ? Tough call. It dropped to the 48s before a recovery. Slight sign of a support level being there maybe. Anyone any thoughts ?
I took the view a short while back that this would rise in to year end, and started ( very early ) a long side trade run quite agrressively . In 10 days the level has risen 600 + pts.
I also have some shorts in though. I have eased off with the trade run, reduced position sizes.
I still feel it will end the year on a rising note but we are a fair way off year end yet so playing with some caution.
I really do not know, so hard to call and also need to watch the GBP/US$ rate closely.
I prefer to concentrate on the DOW.
As to individual equities, mostly trading BARC & LLOY and a handful of others off and on.
None of it is easy.
Some big unexpected political news or tension somewhere in the world could so easily throw predictions/thoughts and trades out.
ATB & GL