Should i buy Lloyds and Barclays shares?

downs523

webmasterpolo wrote: »

Hi

I'm considering a punt on some Lloyds shares, I wanted to know what the timing was, if I place an order to buy now (sunday night) when will they be bought? Monday at market opening?

-Web

Also wondering the same, think I may wait to see what Monday brings then dive in... Would be nice to snap some up -.30 a share

jimjames

webmasterpolo wrote: »

Hi

I'm considering a punt on some Lloyds shares, I wanted to know what the timing was, if I place an order to buy now (sunday night) when will they be bought? Monday at market opening?

-Web

Be careful putting an order in unless you specify a price limit. Sometimes there have been some very odd prices at the start and end of the day that do not reflect the price of a stock during the normal market.

If you set a limit at least you know you will not get caught but there is no guarantee the price wont continue to drop.

gadgetmind

I now own a wodge of Lloyds ordinaries at about 41.5p. No way can they go lower, was my theory. Ah well!

Thrugelmir

webmasterpolo wrote: »

Hi

I'm considering a punt on some Lloyds shares, I wanted to know what the timing was, if I place an order to buy now (sunday night) when will they be bought? Monday at market opening?

-Web

Would be a punt. As on investment grounds little reason to invest until wider economic issues are resolved.

downs523

Just signed up to III.co.uk and will wait and see what the price is tomorrow...

gadgetmind

I actually regard various bank preference shares such as LLPC (not paying coupon!) and NWBD as lower risk than the ordinaries, and with greater income potential, though capital upside is obviously more limited. However, lower != no, and you need to be aware that banks and governments can play fast and loose with debt seniority when it suits them.

downs523

Took the plunge bought 3032 of them a Few moments ago... See how they do in a few years time

gadgetmind

downs523 wrote: »

Took the plunge bought 3032 of them a Few moments ago... See how they do in a few years time

Do you have an exit price in mind? I don't expect these to turn into a dividend engine for the foreseeable future so will sell 50-100% if/when they hit double my buy price, which is 84p for me.

This one is going to require both luck and patience!

downs523

Don't have an exit price in mind, it cost me just over £1000 andi don't need the money so I understand it is risky and I am prepared to lose it, anything over 100p would be nice, looking to hold 3years+

webmasterpolo

jimjames wrote: »

Be careful putting an order in unless you specify a price limit. Sometimes there have been some very odd prices at the start and end of the day that do not reflect the price of a stock during the normal market.

If you set a limit at least you know you will not get caught but there is no guarantee the price wont continue to drop.

Yes I set a price limit, but they all fell at open so that was fine.

Thrugelmir wrote: »

Would be a punt. As on investment grounds little reason to invest until wider
economic issues are resolved.

Yes only a punt, I'm looking 20+ years into the future and this price is pretty much what it was at the bottom in 2008, and I've always regretted not putting a lot more into the market than I did.

I bought the same in RBS and Barclays but I wanted a little mix and a low buy in, perhaps one will make good over the next few decades.

In terms of exit price, not sure, but if they exceed their respective previous highs at some point in the next 20 years, I will probably sell.

-Web