Lloyds Banking Share Discussion Threads

[crossing_the_rubicon] 26/3/2020 12:41

Seems Turkey are lying about numbers as well...

One doctor who works in a university hospital told BIRN under condition of anonymity: “What I observe in my hospital and the general situation is that the real numbers are at least two to three times higher than the numbers that the government announced. The COVID-19 pandemic is now out of control.”

"Turkey's COVID-19 situation is "Out of Control", health experts warn"

[xxxxxy] 26/3/2020 12:34

Boycott goods and products of the EUSSR.Best not touch stuff from the EUSSRNO DEAL

[xxxxxy] 26/3/2020 12:32

No Great British fish for the French.NO DEAL

[smartypants] 26/3/2020 12:29

More good news to post

Bank of England keeps rate unchanged.
The bank warned the economic consequences of the COVID-19 pandemic are becoming more apparent and a "very sharp" reduction in activity is likely, with a risk of longer-term damage in case of large-scale business failures or significant increases in unemployment.
At the same time, it is currently hard to predict the precise magnitude of the economic shock from coronavirus.

"magnitude"

[gaffer73] 26/3/2020 12:22

Why, does everyone stop paying their debt if taxes go up?

[alphorn] 26/3/2020 11:58

M2 - how much illegal shorting do you think takes place? I have no idea but after all the LIBOR and other scandals I am ready to be surprised.
I read about those US politicians dealing just following a coronavirus update. They should go to jail - will anything happen? Doubt it.

[minerve 2] 26/3/2020 11:47

cheshire

The issue is about effects on a company not some form of modern betting on the horses.

[purplepanther] 26/3/2020 11:22

Impossible to put a value on Lloyds shares whilst Governments pursue this ludicrous lockdown policy.Price of economic rescue will be so considerable that taxes will rise, corporate, personal and wealth so in my view highly unlikely Lloyds ever sees anywhere close to peak earnings again

[cheshire pete] 26/3/2020 11:20

Yes and no Minerve: No in sense that shares borrowed from Institutions for a fee as the Hedge Funds do but yes in the sense that banking on a falling market.

[smartypants] 26/3/2020 11:18

"Investors that support the company and want to see it succeed.
Yet all the comments you post is either negative or derogative about the prospects of Lloyds’ future."
I assume that you can see the share price is in the 30p's??
Please..post the positive news that is hitting your screen?

Let me give you a start..

Japan's economic conditions 'severe' - govt
The conditions will likely remain severe according to Tokyo.
The economy is worsening at a pace comparable to 2011 and slowing towards levels last seen during the 2008 economic crisis.

The damage is as bad as those two events put together, the government said.

Well that sounds good for the UK's post Brexit trade....No?

Conte: Hard, severe recession to hit Europe over coronavirus (UK is still in it)
Italian Prime Minister Giuseppe Conte said on Thursday that the coronavirus pandemic will cause a "hard and severe" recession that will affect the whole Europe.

hmmmm...

German economy may contract 10% due to pandemic...
The coronavirus outbreak could cause the German economy to dwindle 10% if the pandemic-caused lockdown continues until July, the German Economic Institute (IW) said on Thursday.
"The industrial sector would be hit harder with an 18% decline.
In this case, the crisis could continue until the end of the year."

Here is a good one for you..work this out?
Powell: US may be in recession, but nothing wrong with economy?
United States Federal Reserve Chair Jerome Powell told NBC on Thursday that the country may "well be in recession" due to the coronavirus pandemic, but insisted there is "nothing wrong" with the US economy, "quite the contrary."

Meanwhile..75p by Christmas?

[cheshire pete] 26/3/2020 11:11

Ken B: Thanks for the link, just looked up the thread...a whole new world out there.

[minerve 2] 26/3/2020 10:45

cheshire

CFDs and spread-betting are not shorting. :)

[diku] 26/3/2020 10:34

Morale of story is not to over trade in market/shares...

[crossing_the_rubicon] 26/3/2020 10:32

"They" being the naysayers who say this is just a bad case of flu.

[cheshire pete] 26/3/2020 10:31

Just had a quick look Alphorn, plenty of stuff there. Seems a combination of psychology and being savvy with trading techniques.
Some comment about trustworthiness of brokers which is a bit concerning. Looks tricky enough without the wheel being rigged. Presumably an online platform gets round this?

Minerve: No-one likes seeing companies going under or employees losing their jobs. However shorting the indices seems a good strategy for protecting a portfolio. An index reflects the value of the 100, 250, 350 constituent shares and therefore trading an index is not targeted at a single company.

Average Joe can long/short using CFDs, don't need extended credit lines. Not easy to make money, agree with that, as c70% lose.

[ladeside] 26/3/2020 10:28

The problem with sharedealing is that many develop an emotional attachment as opposed to seeing a share as merely a means to an end.

Don't get me wrong, I've done this myself in the past and got badly burned like everyone else, however the best advice I could ever give anyone is do your research (obviously), set limits on your expectations and make them achievable and don't become too greedy or emotionally attached to any share, as after all we're all just small private investors who matter not a jot in the wider picture and the company and their board certainly don't care about us.

[kenbachelor] 26/3/2020 10:23

CP - I only use FX trading these days, because currencies seldom lose all their value and companies can go bust. Please be aware of what happened to me on virus Monday, when my account with £5k was wiped out. I had to refinance it and I've recovered about £1,500 so far.

[mikemichael2] 26/3/2020 10:22

An rare uptick from me for that Min.

[diku] 26/3/2020 10:15

What time is Chancellor's next bazooka announcement for the self employed?...