Notices
Non Scooby Related Anything Non-Scooby related

Is it a good time to buy bank shares

Thread Tools
 
Search this Thread
 
Old 06 January 2010, 08:42 AM
  #1  
vallumlj
Scooby Regular
Thread Starter
 
vallumlj's Avatar
 
Join Date: Dec 2004
Posts: 728
Likes: 0
Received 0 Likes on 0 Posts
Default Is it a good time to buy bank shares

I have bought rbs shares in the past and sold them for a good profit. I have been watching rbs and Llyods share in the past few days and they have made some good gains. Rbs has gone up nearly 25% in the last 3 days. I am thinking about buying a few hundred in Llyods as i think that has got more chance of going higher.

What are your views ? I am hoping they will fall tomorrow so i can buy in?

Thanks
Old 06 January 2010, 09:15 AM
  #2  
SJ_Skyline
Scooby Senior
 
SJ_Skyline's Avatar
 
Join Date: Apr 2002
Location: Limbo
Posts: 21,922
Likes: 0
Received 1 Like on 1 Post
Default

ROYAL BK SCOTL GR Analyst Opinion | RBS.L | GB0007547838 | Yahoo! Finance UK

LLOYDS BANKING GRP Analyst Opinion | LLOY.L | GB0008706128 | Yahoo! Finance UK

Not too accurate but it's a good source of free information to help you make your decision

Last edited by SJ_Skyline; 06 January 2010 at 09:16 AM.
Old 06 January 2010, 09:53 AM
  #3  
alloy
Scooby Regular
 
alloy's Avatar
 
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes on 0 Posts
Default

Buy high sell higher thats the moto! Bank shares feature heavily in the press for the year ahead.

I been buying RBS Monday, built into it yesterday picked up some more this morning. Most of the investment banks are bullish on RBS with 40p price targets

Lloyds is down on the day, again some strong views on it moving forward this year still down over 10% from it's theoretical ex-rights price, arguably offers value.

Barclays, lagging it's peers this week, however MF global yesterday placed 595 target price on the company, largely investment banks suggest 380-400p as target
Old 06 January 2010, 01:49 PM
  #4  
vallumlj
Scooby Regular
Thread Starter
 
vallumlj's Avatar
 
Join Date: Dec 2004
Posts: 728
Likes: 0
Received 0 Likes on 0 Posts
Default

Alloy which one would you advise I am thinking more short time instead of long term.

Thanks
Old 06 January 2010, 02:11 PM
  #5  
alloy
Scooby Regular
 
alloy's Avatar
 
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes on 0 Posts
Default

the move is never over, but BARC and LLOY both flirting with their 200MA, would be nice to see it break above this and push back into "bullish" levels, i've sold half my holdings in these two banks, if it breaks above i'll buy back in if it sells off i'll dump the rest.

RBS still to target it's 200MA, which is at 40p looks like it is the bank that has more immediate potential and 35 is a solid level too as support
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Mattybr5@MB Developments
Full Cars Breaking For Spares
33
29 August 2017 07:18 PM
97TURBO
Non Scooby Related
17
12 September 2015 08:35 PM
blackandz
General Technical
0
12 September 2015 07:01 PM
SamUK
Non Scooby Related
19
10 September 2015 08:34 AM



Quick Reply: Is it a good time to buy bank shares



All times are GMT +1. The time now is 03:09 AM.