Will you be buying shares in Lloyds TSB?

tradetime

It becomes boring after a while, it's just a repetetive sequence of enter and exit, there's little or no adrenaline or stress to prevent a level head, you have your entry, your risk is defined and you have your exits gain or lose, of course you need to gain more than you lose, maybe that would cause stress and adrenaline, but then that will not last very long as you would go bust.
What sort of book is it? A learn how to trade book, or an autobigraphical type thng?

sabretoothtigger

For an amateur like me I think it may be helpful but Ive not read the book yet so I'll have to update that later, I think its a basic spot the opportunities and choose your style of trading type book but he is a journalist and is self funded so it must be autobiographical

He has a website:
http://www.nakedtrader.co.uk/trades.htm
For example he bought 10k rbs at 15p with target 25p and sold at 21p

tradetime

I'll have a read through that, he seems to have quite an easy reading style.

justpaper

NPowerUser wrote: »

You have got to feel sorry for some Lloyds shareholders.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5864463.ece

David Peters, 62, a semi-retired chartered accountant from Milton Keynes, said: “Our lifetime savings were invested in Lloyds and RBS. We had about £500,000 invested, including a £100,000 inheritance from my wife’s mother, and were taking out about £25,000 a year in dividends.
“Our savings are now worth £20,000. We’ve written off any dividends for the next two years.”
Ouch, thats gotta hurt.

is this for real ??

i have to ask why wack 500k on bank shares, come on chartered accountant,

the words all eggs one basket comes to mind,

JoeCrystal

@justpaper I know, that just defy belief that people depending on very few stocks.

Decadent_Fool

tradetime wrote: »

Obviously I don't know, but somehow I don't see that happening, I'd like to, but I just don't see that happening, if the share price runs up on Monday, it would likely be a good opportunity to exit.

The RBS adoption of the assest protection scheme caused a nice spike in their price, so here's hoping for something similar. I'm not wholly convinced it will as traders will have had the weekend to think things over; the RBS deal was mid week. I personally think the current price has been influenced by uncertainty of what is happening, not the implications of joining an asset protection scheme.

We'll see.

orangetrader

Originally Posted by NPowerUser
You have got to feel sorry for some Lloyds shareholders.
http://business.timesonline.co.uk/to...cle5864463.ece

David Peters, 62, a semi-retired chartered accountant from Milton Keynes, said: “Our lifetime savings were invested in Lloyds and RBS. We had about £500,000 invested, including a £100,000 inheritance from my wife’s mother, and were taking out about £25,000 a year in dividends.
“Our savings are now worth £20,000. We’ve written off any dividends for the next two years.”
Ouch, thats gotta hurt.


To be fair, if you look at the overall RBS share price performance from 94, the general trend was upward (prior to if falling off a cliff). Based on past paerformance it would be easy enough to assume that this was a decent bet at the time.

In terms of buying Lloyds shares, at the current share price I'd be more inclined to invest in Barclays

gozomark

easy, but stupid....

tradetime

orangetrader wrote: »

Originally Posted by NPowerUser
You have got to feel sorry for some Lloyds shareholders.
http://business.timesonline.co.uk/to...cle5864463.ece

David Peters, 62, a semi-retired chartered accountant from Milton Keynes, said: “Our lifetime savings were invested in Lloyds and RBS. We had about £500,000 invested, including a £100,000 inheritance from my wife’s mother, and were taking out about £25,000 a year in dividends.
“Our savings are now worth £20,000. We’ve written off any dividends for the next two years.”
Ouch, thats gotta hurt.

To be fair, if you look at the overall RBS share price performance from 94, the general trend was upward (prior to if falling off a cliff). Based on past paerformance it would be easy enough to assume that this was a decent bet at the time.

In terms of buying Lloyds shares, at the current share price I'd be more inclined to invest in Barclays

That's fair enough, but there has to be an exit strategy, a simple stoploss strat would have prevented much pain. Or if more exotic a little market insurance policy. Nothing goes up forever.

stamfordblue

Decadent_Fool wrote: »

The RBS adoption of the assest protection scheme caused a nice spike in their price, so here's hoping for something similar. I'm not wholly convinced it will as traders will have had the weekend to think things over; the RBS deal was mid week. I personally think the current price has been influenced by uncertainty of what is happening, not the implications of joining an asset protection scheme.

We'll see.

My thoughts exactly Decadent Fool, about the uncertainty over Lloyds shares.
Bought some last Monday, and some more on Friday.
The market is very volatile at the moment, and is influenced by the Dow Jones.
I will be looking with great interest at how things develop this week