Tradefair & Financials
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Price is all over the place despite them appearing to be the best managed UK bank
With price at 290, any thoughts which way price will go in the next month and why?
With price at 290, any thoughts which way price will go in the next month and why?
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Exposure to Greece and Spanish debt may have an impact but overall management suggests that they will hold steady. The more damaging impact could come from the jitters within the market inducing another short attack all over the FTSE. My feeling is a possible 10% drop from now as more bad news is released and a steady pick up as political measures to punish banks go on the backburner and new measures to generate a recovery happen .Back over £3.50 by end of year but fall short term. Just my opinion,thats all.
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New measures to generate a recovery... you mean like printing some more money?
Personally I wouldn't touch any UK banking shares with a bargepole. Buy gold and silver instead. |
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Barclays stubbornly refuses to stay below 275p, so
if you're inclined to want them at anything below 300p you've got a ready-made stop point if they close much below that 275p level after you buy. |
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Best managed, don't make me laugh. Would have been in RBS's position until Varley luckily met his cockfight match with the shred. Don't forget that they went to the Middle East to avoid a government bail out too. God knows what that involves. I wouldn't touch them with a barge never mind a pole.
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