Should i buy lloyds shares today

1984ReturnsForReal_2

If you want to loose money fast buy today..

poolielad

McSaver wrote: »

This will make your decision easier:

I bought BARC on Friday 27th February 2009 and my investment stands at -35%

Excuse my stupidity But what is "BARC"??

McSaver

BARC is the stock market quote code for Barclays

poolielad

McSaver wrote: »

BARC is the stock market quote code for Barclays

I see so would they be a good buy at the moment??

JoeCrystal

@poolielad McSaver made it very clear why it is not a good buy!

McSaver

Past Performance doesnt guarantee future returns - for all I know bank shares could double or half by this time next week - nobody knows!

Decadent_Fool

McSaver wrote: »

Past Performance doesnt guarantee future returns - for all I know bank shares could double or half by this time next week - nobody knows!

That's what makes it an adventure I'm down by about 10 percent atm on Lloyds and Barclays, but still holding on tight :beer:

Decadent_Fool

FoxtonsRIP wrote: »

There's alot of them right now, maybe BP or Vodafone

http://www.businessinsider.com/bp-will-keep-its-dividend-even-if-must-take-on-debt-2009-3

Andrew64

The problem with banks now, is that nobody knows how much of the stuff on their books will turn bad, whether it's a defaulted mortgage (with at least a tangible asset) or these strange derivatives. If there are further big loses this year, they'll be back - cap in hand - to the government to bail them out because nobody else will. If the amount is too big or it happens too often then the government will end up with 100% whether it wants to or not and the shareholders get nothing! Bank shares are a gamble - make sure it's money you don't mind losing!

Rafter

Rafter wrote: »

Been wondering the same thing.


I'm not going to take the plunge but think LTSB could rise 10% or more this week from the lows today.

Damn! Wish I had taken my own advice - I'd be 9% up in a day - but then I could also be 20%+ down too by the end of the week.

R.