Is the Time to Invest in Banks approaching?

nobby24

Wish I'd bought some last Friday!

[Deleted User]

ok lets see barc clear 90p as that is the first real hurdle

[Deleted User]

real big battle between bulls and bears with bulls having the edge

Decadent_Fool

Masomnia wrote: »

The banks may not recover, not without nationalization.

Being pedantic, I wouldn't call that recovery, but failure.

I picked up 1235 shares in BARC this morning, let's see where we go

Reaper

nobby24 wrote: »

Wish I'd bought some last Friday!

I bought a large sum of Barclays shares on Thursday because although I think the management are rubbish, I felt the share price was ludicrous, only to see it fall 12% on Friday, then rally 56% at the time of writing. Nobody with a weak heart should buy bank stocks!

Decadent_Fool

Very nice Reaper!

What's your upside target? I'm aiming for 1.50...just not sure when that's going to happen Not too long though I feel; lets see what the results bring in early Feb

I,_Brian

Reaper wrote: »

I bought a large sum of Barclays shares on Thursday because although I think the management are rubbish, I felt the share price was ludicrous, only to see it fall 12% on Friday, then rally 56% at the time of writing. Nobody with a weak heart should buy bank stocks!

Absolutely right! .:)

Even at 90p a share Barclays is still seriously undervalued as well.

Decadent_Fool

I,_Brian wrote: »

Absolutely right! .:)

Even at 90p a share Barclays is still seriously undervalued as well.

...I can't quite muster the courage to repeat my Lloyds purchase though...

sabretoothtigger

With a 50% rise there is the luxury of withdrawing all of the original money and still having an interest in the share with absolutely no risk or worry, not often that can be done so quickly

StevieJ

I wonder if the Shorters got shafted I think the Barclays board may have allowed themselves a smile if they had.