Royal Bank Of Scotland Share Discussion Threads

[sux_2bu] 15/5/2020 06:23

Who cares. This market is great.

This thread is too overloaded with manic depressives

[tfergi] 15/5/2020 06:19

Just how much more bad data can the US shrug off and keep rising !!

[fraser038] 14/5/2020 19:34

32Campomar - not sure if your question was aimed at me or not...?

Ill give my opinion even though I doubt anyone will listen.

For RBS I'm overall very positive (however I don't hold a position yet)

Over all market I'm very bearish. That being said I'm still holding my long from 5670 as I posted earlier, I will close when NY closes.

With all these bail outs, worldwide QE, new measures put in place or lifted each day I have no idea where the bottom is. I personally dont think we have hit the bottom as yet (still 90%cash) but I might be wrong. I spread bet oil, ftse and gold each day (trade what you see style).

At the back of my head Im still hoping the ftse Gap gets filled and then we see bigger falls than we ever have (fingers crossed) but on the other hand I can see that trend has been broken and we are now technically back in a down trend (daily). Some consolidation, lows of 5500ish then rise back up to 6400 to close the gap, Q2 figures come out and the second lockdown is issued will see some almighty new lows, even testing 3500 would be magnificent.

The market is unbelievably detached from reality right now, I don't hold my breath for any of this to happen but I've positioned myself to benefit from it if it does.

[sux_2bu] 14/5/2020 18:09

yup, yank market is as bent as philip schofield

[tfergi] 14/5/2020 17:57

Yank markets up again....

[sux_2bu] 14/5/2020 16:30

110p to 115p next week.

[32campomar] 14/5/2020 16:03

If it breaks the March low, where's the next support any ideas? Bought some at the low of 101 but tend to agree with you can't see that being the overall low if general markets are heading lower

[fraser038] 14/5/2020 15:52

Doubt it. Overall Trend is down. New lows next week.

[sux_2bu] 14/5/2020 15:01

Looking better, back to 110p area maybe.

[32campomar] 14/5/2020 15:00

That was a good bounce from the March low of 101p!

[sux_2bu] 14/5/2020 14:04

Probably close today on exactly 100p to play mind games.

[fraser038] 14/5/2020 14:04

Very happy with Gold breaking the trend line tho... :)

[fraser038] 14/5/2020 14:01

5670 hit, looking for a little bounce somewhere round here. Still no 99p bargains

@Daytraders, I trade what I see, not what I think or hope will happen. Stops are in place

[sux_2bu] 14/5/2020 13:59

BOT are in overdrive. Hedge funds love to destroy everything, it's the way is. is.

[leedskier] 14/5/2020 13:57

36 million ... unbelievable

[daytraders] 14/5/2020 13:12

what if ftse hits march low 4800?

[fraser038] 14/5/2020 12:58

will hit if the ftse tests 5670. (38.2% retrace low to high)

Also short oil, long gold. good luck, some big swings coming, stops in place.

[fraser038] 14/5/2020 12:55

limit buy set under £1

[polar fox] 14/5/2020 12:50

Poor job news from the US again. New claims nearly 3m for last week and continuing claims at 22.8m. Horrid stuff.

[sux_2bu] 14/5/2020 12:48

Bang on 10p was the lowest in 08/09.

[polar fox] 14/5/2020 12:38

SP below 101p, I believe for the first time ever - I don't have the exact low in 2009.

[sux_2bu] 14/5/2020 12:28

All time low.Bots taking it for a sub 100p dip ?

[portside1] 14/5/2020 12:25

Rbs have only lent out the money they saved on the div fact They have lent outgoing gov money , with no risk to the bank same as barc