Mikhail Liebenstein Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today. I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. Quote Link to comment Share on other sites More sharing options...
Injin Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today.I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. 3:30 at newmarket stuff. Theres no economic going on atm, you already know that. Maybe the governent will intervene in your favour, maybe they won't. Have you tried betting on pachinko instead? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 16, 2009 Author Share Posted February 16, 2009 3:30 at newmarket stuff. Theres no economic going on atm, you already know that. Maybe the governent will intervene in your favour, maybe they won't. Have you tried betting on pachinko instead? Yes, and I generally expect similar long run returns. Quote Link to comment Share on other sites More sharing options...
xux42 Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today.I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. Hopefully good but I would take profits on the rebound personally. Really annoyed at the mo. because my Legal and General shares are getting hammering just because they hold 4% of Lloyds. This is a total overreaction showing paranoia in the markets. L&G simply will not get that badly hurt and anyway, the effect on shareholders will be diluted by passing some of the losses on to unit trust holders. The stock market is a pain right now, jumping at shadows and panicking when there is genuinely bad news. Quote Link to comment Share on other sites More sharing options...
Injin Posted February 16, 2009 Share Posted February 16, 2009 Yes, and I generally expect similar long run returns. Good man. No harm in naked specualtion as ling as you can call it what it is. Good luck! Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 16, 2009 Author Share Posted February 16, 2009 Hopefully good but I would take profits on the rebound personally.Really annoyed at the mo. because my Legal and General shares are getting hammering just because they hold 4% of Lloyds. This is a total overreaction showing paranoia in the markets. L&G simply will not get that badly hurt and anyway, the effect on shareholders will be diluted by passing some of the losses on to unit trust holders. The stock market is a pain right now, jumping at shadows and panicking when there is genuinely bad news. At some point we probably do want to be holding bank shares for the long run, as they are the ultimate boom time leverage play especially from their current positions. Trouble is how do we know which banks will remain in existence without further dilution of shareholders. Currently I plan to avoid holding bankshares over Fridays and the weekend which seems to be bad news time. Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today.I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. we will know by 3pm if your right or not. brave posting though. hats off. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 If you make a profit take the money and run. Personally I think you have bought shares in the Titanic after it got hit. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today.I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. Go to a casino, at least you can pretend to be James Bond as you lose your money. Quote Link to comment Share on other sites More sharing options...
kilroy Posted February 16, 2009 Share Posted February 16, 2009 At some point we probably do want to be holding bank shares for the long run, as they are the ultimate boom time leverage play especially from their current positions. Trouble is how do we know which banks will remain in existence without further dilution of shareholders. Currently I plan to avoid holding bankshares over Fridays and the weekend which seems to be bad news time. On IG you can bet on the banking sector (a FTSE index), so I am guessing that outperformace may be generated by survivorship bias. I haven't really looked at it in detail yet as I do not believe now is the time for the trade. Quote Link to comment Share on other sites More sharing options...
200p Posted February 16, 2009 Share Posted February 16, 2009 Nice profit - but not a long term way to make money. Time to cash in the chips and not keep returning to the table! Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted February 16, 2009 Author Share Posted February 16, 2009 If you make a profit take the money and run.Personally I think you have bought shares in the Titanic after it got hit. 'interestrateripoff' , took your advice and quit the casino £200 up. The shares seem volatile, and so can be traded on the movements, but it doesn't feel like there is a support level above 60p. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 'interestrateripoff' , took your advice and quit the casino £200 up. The shares seem volatile, and so can be traded on the movements, but it doesn't feel like there is a support level above 60p. And my fee is 20% http://business.timesonline.co.uk/tol/busi...icle5743548.ece Shares in Lloyds Banking Group fell 12 per cent this morning as concerns mounted about the struggling bank being forced to seek a fresh capital injection from the Government.The bank shocked the City on Friday when it reported an unexpected £10 billion loss in HBOS, the lender it rescued last month after Government intervention, making it worth far less than thought when it was acquired. Politicians say the revelation will make it inevitable that the bank will be forced to seek a fresh capital injection from the state — or even be nationalised — leaving taxpayers facing billions of pounds of extra losses on their rescue of the banks. Shares in Lloyds fell 7.4p to 54p today following a 32 per cent plunge on Friday after Lloyds disclosed the loss. You selling appears to have depressed the price further. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted February 16, 2009 Share Posted February 16, 2009 You selling appears to have depressed the price further. He's an economic terrorist! Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 16, 2009 Share Posted February 16, 2009 You selling appears to have depressed the price further. Yeah, looks like mike bet on number 16 and the roulette wheel came up 16 this morning. Maybe he should move into pension fund management. http://news.bbc.co.uk/1/hi/business/7892125.stm Quote Link to comment Share on other sites More sharing options...
Arsene Wenger Posted February 16, 2009 Share Posted February 16, 2009 There's one born every minute!! Sell,sell,sell. I predict a suspension of their shares or a majority stake held by the govenment. Get out while the going is good Quote Link to comment Share on other sites More sharing options...
Wait & See Posted February 16, 2009 Share Posted February 16, 2009 Lloyds are disappearing down a hole - LLOYDS BANKING GRP 58.80 -2.60 -4.23% Oh, the humiliation, that Brown now has to 100% nationalise Lloyds after his matchmaking failed. Did I hear talk of a general election soon?? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 Oh, the humiliation, that Brown now has to 100% nationalise Lloyds after his matchmaking failed. I wonder what his excuse on this will be? In Oct this made sense but since then the economy has deteriorated further, I mean who could possible have predicted that? Jonah Brown strikes again. Quote Link to comment Share on other sites More sharing options...
profitofdoom Posted February 16, 2009 Share Posted February 16, 2009 My inability to control my desire to buy cheap shares got the better of me today.I have bought some Lloyds shares at 52p, only £2k worth. They had fallen to 48p, but I wasn't able to get them at that price. Now I did this last time and doubled my money, so my current £2k is only profit and there does seem to be a feeling that the loss report by HBOS is the result of very cautious valuation used by Lloyds. So what do you reckon? I am I mad or was it a good bet. I like the "gambling with winnings" option.I bought RBS at 11p,sold at 19p.Like you a small investment but it puts a bit in the gambling pot. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 16, 2009 Share Posted February 16, 2009 I like the term, "unexpected" 10bn loss. now where was that 10bn, im sure i left it here somewhere..... Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 16, 2009 Share Posted February 16, 2009 worth hanging on until tuesday i reckon Quote Link to comment Share on other sites More sharing options...
6538 Posted February 16, 2009 Share Posted February 16, 2009 Hopefully good but I would take profits on the rebound personally.Really annoyed at the mo. because my Legal and General shares are getting hammering just because they hold 4% of Lloyds. This is a total overreaction showing paranoia in the markets. L&G simply will not get that badly hurt and anyway, the effect on shareholders will be diluted by passing some of the losses on to unit trust holders. The stock market is a pain right now, jumping at shadows and panicking when there is genuinely bad news. Good song that. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2009 Share Posted February 16, 2009 I like the term, "unexpected" 10bn loss.now where was that 10bn, im sure i left it here somewhere..... It does appear to imply that last week it was there and then suddenly it disappeared to everyone's great surprise. Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 16, 2009 Share Posted February 16, 2009 ow gutted. there rising..... Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted February 16, 2009 Share Posted February 16, 2009 ow gutted. there rising..... Why, did you short them? Or 'sell' them on one of the SB platforms? Quote Link to comment Share on other sites More sharing options...
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