Lloyds Banking Share Discussion Threads

[stupmy] 30/7/2020 09:29

Funny Chesty!
Well the speculative buyers are buying a few here at support. I don't yet have a buy signal (I use a 15 min chart after price hits a good weekly support). If I were to buy this around this price, I'd wait for the buy signal, buy, hope for a rise in the afternoon but sell before close. I had a run of over 20 winners by doing this at one point, but then had a few good losers that put me off taking the risk. The trick is not to hold overnight. The market needs to digest the information that Lloyds has provide in the context of the more general market back drop (Brexit/Covid for example).

[mitchy] 30/7/2020 09:28

Now I think about it the government might intervene before then because if Lloyds were to be seen to potentially fail EVERYTHING fails.If I were running lloyds I would be screaming at the government to actively support the banking sector. The government would actively resist being seen to side with the banks but the alternative is bank failures. First the small ones will go under. Of course this is all idle speculation on my part.Good Luck

[buywell3] 30/7/2020 09:26

The question now is :

At what LLOY share price does the COE step in ??

[kinwah] 30/7/2020 09:22

That dreadful tv advert with Maureen Lipman and Gyles Brandreth is a big clue as to Lloyds' strategy. The ad encourages old folk to use internet banking on the basis it is easy and secure. Lloyds probably has more pensioner account holders than other banks as a legacy of the TSB takeover. Shift the oldies online then half the branches can be shut. There probably are huge cost-savings to be made.

[philanderer] 30/7/2020 09:20

Well that reads like a pile of sh1te. Needs puting out of it's misery.

[gaffer73] 30/7/2020 09:20

Don't be silly

[mitchy] 30/7/2020 09:19

So let's say 19 - 20p is support. Though if impairments materialise at the top end of 5.5B or above then we are literally talking about junk status without government intervention.

[muzmanoz] 30/7/2020 09:17

anyone else see "buywell" and automatically read "bell end"

[action] 30/7/2020 09:16

Even standard chartered done better .

[action] 30/7/2020 09:16

I knew it will keep up with its tradition to disappoint. But even I did not expected such a drop.

[stupmy] 30/7/2020 09:13

I've just looked at the chart and the previous low was around 25.5/25.6 in March 2020. Looks like that will be tested. It'll either find support there or not, but as I said in my previous post, there's often a bounce in the afternoon. That bounce often comes from a significant support on the weekly chart. 25.5/25.6 would fullfill that criteria. As I also said, the lows are frequently retested the following day. I have the 2012 low at about 19.3 and a low in 2011 at just over 17p. In January 2009 price touched around 10.5. So if 25.5 does not act as support. 19ish becomes quite likely

[m_n_tomlinson] 30/7/2020 09:10

Gone very quiet here considering the share performance today...

[buywell3] 30/7/2020 09:09

Hahhhahahahahahhha

[topazfrenzy] 30/7/2020 09:08

Just loaded up in the 25's!

Thanks for the super cheap shares!

GLA

[the stinger] 30/7/2020 09:07

New broker TP 18p

[buywell3] 30/7/2020 09:07

buywell will tell but you have to ask nice

Who were the recent buyers of LLOY that thought they knew better than this thread ?

( not the rampers )

[gilesy] 30/7/2020 09:01

sold out today and bought AZN instead
wished I switched years ago though
the only person who has done well out of lloyds in past few years is the departing CEO who got 5 million a year

[stupmy] 30/7/2020 08:59

We'll probably see 25.9 or lower here, so if you're long you need to be hoping for a double bottom from 2012 if Mitchy is right. I've not checked that. Often with price drop like this, there is a recovery in the afternoon as traders come back from lunch, but the following day often brings a fresh low. I'll watch and try to be patient for now. Trading Lloy. has been kind to me this year.

[mitchy] 30/7/2020 08:52

The lowest closing price for lloy that I can find was back in 2012 at 25.85p.

[hamhamham1] 30/7/2020 08:52

Monty. Keep all your money in Micro Focus then, just the 5bn of debt there, with shrinking sales and as they themselves said about the HP Autonomy product they spent billions on 'not fit for purpose'.
I am happy in a couple of years this will be doing fine, this extra set asides of cash is just a 6-12 month extension of PPI really.