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@ MrA - Well that raised a few smiles "Roobarb & Custard", didnt think even You Lube would allow material like that, even these days . . . That clip showing the kid on fire OMG We should get together and sue the BBC for causing us a life of phycological trauma, mind you it got the message across lol
@DB2014 - Yes, same thoughts this end. Though can't help the fact the US Banks shares stomped back into form since L'B's crash and Barclays did not even catch any scraps that fell off the table !
Hence why Ed B waged such a risk attempting a seat on the board / wanting to re-vamp Barclays.
Can't blame him really you go long (leveraged) with such a purchase, while on paper you have a company that if you tweaked it a tad, cutting away the costly sectors (which absorbed money like a sponge) we would have seen the share price rocket for a couple of quarters. Crikey Market CAP at that time was pony compared to the scrap value /Net Assets.
Id have thought tooth an nail to give hime a seat if I would have had thought Barclays would continue to take the rise out of us share holders over the "Promised" progressive div's . . . only Div's was the one's that voted against Ed getting a seat.
O.K we would not have such a diversified Barcs today (basic retail) but we would have all sold up and taken profit by now.
@ Giantsquid - Interesting point that he makes, though referencing 67 is a far cry from commodities and inflation in 22/23.
So many factors out of sync with 67. Interesting to hear Andrew Forests input on 23 though. Cheers for sharing.
@Jedi614 - Half expected "Whats the time ? " Instead of "Whistle time?" Yes indeed, looking good.
Though I am scalping some shorts throughout every opportunity lol.
No brainer really as my current Long (lamb chop) has been marinating all the way from 134 1st stop @132 (closed a few times and re- bought on obvious R) all of which were shared on here as and when.
It took until Oct to trigger, though thats when the whistle blew for me.
Below is a cut an a paste from my July shared plot / opinion . . .
"It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year.
This would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +"
Hopefully Barclays will get some recognition reflecting in its share price next month, this has not been a comfortable share to own and trade all these years, thats for sure !
GLA
Obviously message f.a.o Mr Wolf
Here we go guys..
MrWolf, many thanks for your update. The price worked hard today and finally finished close to 182p after the end of day auctions. Let’s see what tomorrow brings.
A small gift as a thank you with some Brucie Bonuses…
Regards, MrA
https://m.youtube.com/watch?v=PZM-f6gk-y8
https://m.youtube.com/watch?v=Vkt74q90MAQ
https://m.youtube.com/watch?v=lgLATfIa0VM
https://m.youtube.com/watch?v=KeMMow_Itqw
https://m.youtube.com/watch?v=KeMMow_Itqw
https://m.youtube.com/watch?v=d7NOsGrm5sE
https://m.youtube.com/watch?v=an8eejlhadk
https://m.youtube.com/watch?v=Nlv8Fe9jN4Y
https://m.youtube.com/watch?v=EsLt4csGOj4
https://m.youtube.com/watch?v=aqHsAr3HUpU
https://m.youtube.com/watch?v=SR_mFRE6qKc
Mr Wolf - great input! The only other variable for me is the fortunes of Barclays in the US…in the final
toss up however I think there is more value to be had by holding as we lead up to the 15th DYOR …
Good day all,
@ Mr Altruistic - you are reading my mind lol . . Yep its still showing a deeper correction, turned off the 200 month M.A nicely.
You should have another chance to get back in, yes I am still holding Long and will give you the heads up if I swap strategy.
Happy to make off the double bubble atm though, hence dropping shorts as and when I see fit.
Off topic - your a product of the 70's OMG we had the best TV adverts ! either it was Peter Davidson talking to his watch - mash gets smash, Hartley Hare acting the twat, Jamie and Wordsworth ! . . . and those safety adverts that terrified every kid showing their mate getting 275KV up the ringer ! While waiting until Sunday evening so that you could record the charts onto cassette. Just as the No1 started you could all but guarantee, some pillock would walk in your bedroom / recording studio and ask some stupid poxy question !
Bored on a school holidays an getting mates to lay in the road, whilst you thought you was Evil K on ya Super Tough Burner, jumping over them on a home made ramp lol.
@ JayK - Glad to hear your having fun out there, if you have not yet seen it then I highly recommend watching "lillyhammer" when you get the chance.
@LWHL - Think we are a on the same page there my friend.
Not sure if you watched the resent Chan 5 documentary, The Body In The Bag . . . The UK Corporation written all over it, fair play to the production team as they broadcast just enough, to enlighten but a few. Saying the least.
@ DB2014 - Good valid point, no one has the same strategy aye. It would be boring if we did.
Though in the defence of those waiting for entry or re-entry, in the words of Warren Buffett . . .
"It's only when the tide goes out that you learn who has been swimming naked"
@Warsaw - Trust you liked that, you are partial to a W.B quote.
Yeah, lots of eyes focussed on Barcs dividend announcement, just hope that the BoD's are not as arrogant as they have previously been.
Just heading off, though I'll share this quote from ole George Soros . . . "There is no point in being confident and having a small position" good advice if and when we see a peach lol
Just off now to contribute to the TFL's Ulez and congestion charges.
GLA
I'm still holding, and I keep telling myself over and over "be patient, be patient, be patient...".
I'm trying to get a grip on where the share-price realistically should be - and that I can't come to a conclusion on - given that three months ago they were ca £1.35 I can see why some people are nervous and see £1.80 as a top but Barclays are still undervalued when you consider the amount of profit they'll make, their overall net asset value and just about every other metric plus they are cheaper than their peers on a P/E basis but it's all about whether the market likes the numbers or not and then there's how much of a dividend they'll throw back at us as well as debt provision and the general economic outlook.
I think there's some mileage left in the share price before results day so I'll hang on a while longer.
Morning JayK et al, on the basis that we are both on the same chartists ladder, albeit on two different rungs, I guess there should be no real surprises as to recent dual similar entry/exit points? Some stuttering over the last few days with the price as confirmed yesterday by the candle being lit but doing very little else. On the positive, in a falling market it at least (almost) remained static.
Would be good to hear from MrWolf or others for their views on what stage of the Elliot Wave theory we are at? My personal thoughts are that this wave has now petered out and is on the decline before a wave up? But it’s all guesswork, gut feel and good luck in the end for me. Can’t beat s9me early morning alliteration, eh?
Good to hear about the snow dump… lol! My 50 year old knees couldn’t take the downhill gradients, probably more at home on the nursery slopes me thinks… and definitely the apres ski. Be careful of the Toffee Vodka tastes sweet going in and a little sour going out.
Have a great time with your clan… yes pretty much guarantee aches and stiffness this morning.
Good Luck My Friend, Regards MrA
Poor post DB. Its not us and them, were all here doing what we think might be right for our own situations, we have great discussions here. I hope everyone here makes great profits however they choose to play Barclays.
To those how have held - we will make better returns than those that recently sold. 15 Feb is results day for this SP. I’ve said this previously and will say it again - the financial performance of all the banks will be excellent owing to increased interest rate margins. The only variable are provisions for bad debt - and frankly the signs of defaults do not look ominous given macro figures. Don’t sell yet boys -DYOR
You've had some great trades, i think we've had similar entry / exits, i sold at 179. However I'm usually patient but i do feel i jumped the gun a bit, lets see there is always another entry possible.
Thats awesome! Hope you have a great time.
I arrived yesterday evening, my brother and friends were already here, plenty of snow, but woke up this morning to blue skys and a massive dump of snow overnight, the things dreams are made of. We've ridden from 930 to 1600 with no breaks finding the fresh stuff. I'll feel it in the morning!
Chart wise Barclays finished on a Doji on the daily, indecision of direction. I'm only on my phone so can't really get a proper view of things.
JayK,
I sense I have much more to learn from you than vice versa. Thank you for the compliment none the less.
As I have mentioned before my charting views are “light touch”, hence extremely grateful for any input and views from your good-self and all other posters on this board. If I have too much information it just clouds my judgement in decision making.
In the mean time I’m back in the good books of ‘her indoors’, rather than book a cruise, I’ve just booked a cracking weeks holiday in Guernsey.
Enjoy your skiing holiday in the Alps with the family… much snow there?
Good Luck My Friend, Regards MrA
Going to get you to trade for me Mr A! :).
Warsaw, again thanks for your kind words. Not sure if you’re holding out looking for an entry point? Either way Good Luck My Friend. Regards MrA
Congrats - that's a decent profit in both percentage and real terms.
It's always hard to gauge the best price to sell at, I think there's more mileage left in the shareprice but leaving some profit for the next guy is never a bad move.
Sunny63, I haven't seen you on this board for a long, long time. Thank you for your kind words and sincerely hope your strategy is working to your advantage. Good Luck My Friend. Regards MrA
Mr A,
Just want to say congratulations on your excellent profits. It was an impressive trade. Well done to everyone who has made profits from this new year rally and good luck to those who are still holding. May there be more rallies to come and more profits to be made. Thank you guys for all your contributions to this friendly board.
Best wishes,
The Corporation looks interesting - I will put it on the 'to read' list, thanks. Currently working through The Sovereign Individual. I appreciate my previous post perhaps came across as somewhat callous. On one level, I sympathise with current pensioners who feel they paid their dues. I know a fair few. IMO they were misled, because most of them have not paid in nearly enough, on average, to cover the various costs associated with their extensive retirements. The early retirement age, the final salary pensions, the free university education - or the ability to walk into a quality corporate job without the need for a degree in the first place. High interest rates were short-lived and properties were very cheap in comparison to now, based on earnings multiples. Don't forget the golden ticket of MIRAS either. The amount of people who could fund a respectable, fairly comfortable, life on a one income household versus those of later generations. I think this 'inter-generational theft' is the root cause of the apathy that is so common in the younger cohort. Subconsciously, they know they are stuck at the rump end of the ponzi scheme and their options to opt out are limited. Anyway, we certainly live in interesting times, as that Chinese proverb cautioned us about!
Well done to those who have taken profits here and good luck to those who remain. Barc remains very much on my own watch list. GLA.
MrWolf, ha, ha… many thanks for your kind words. Mutton Vindaloo and Banana Daquiri’s for everyone on me!
In fairness, rode the wave pretty well but believe it’s just fading away to meet the shore. But what do I know?
Still looking to ‘rinse and repeat’ if a drop should arrive. Wouldn’t be surprised to see an upward movement from the start of Feb up until results day… but not brave enough to hold and wait at this juncture.
Good Luck All, Regards MrA
Well Done Mr A, "He who dares, wins Rodney" cushty little number to bank.
We will all be waiting down The Star Of Bengal, table booked in your name for 8pm, ruby's on you tonight my ole china.
Never a profit until its banked.
See you at 8 !
Good Afternoon All,
Sell Limit order just triggered at 180.12p
Temptation to Bank net profits of circa £15k for a 5 week play was just too great.
I stress, not a recommendation or a form of advice for others to transact.
Please MYOC and GLA. Regards, MrA
@ LWHL - Total agreement with you on that.
@JayK - Power to W'R always ends up with huge smiles and equally soiled boxers lol
Paws and fingers crossed we will see the ar53 fall out the top end market like it usually does, few good bargains about to fall into the path of the patient.
Im hoping it goes really ***5 up and rates go further and prolonged.
Just need to see Barcs pay a healthy div and stay over £2 and Ill be really chuffed.
Enjoy that snow
Regards W'
@Goodies123
Yes indeed, myself included.
Not sure im the best person to ask that question, as I could only make reference historic events. Which has never proven a favourable balance.
Yes, true. Though in my opinion most of those "Non productive" pensioners have given the best part of their lives in hard earned financial contributions throughout, eg eye watering interest rates, NI, the VAT man . . . Does that not at least earn them the right to end what years they have left, being "non productive?"
Whilst society has completely missed the focus on our younger generation children are like a computers.
They interpret what data they are down loaded with, downloading social media values and porn will only create virus's.
Previous politicians created this mess, whilst this present and current government have not got a clue how to fix it.
Bojo for instance, what message does society understand when our country is lead by the example of a bare faced liar, someone who does not even acknowledge kids unless their mothers present a DNA report and file for action.
Someone who employed the same staff with the same values. Not that many years back , his head would have been a daytime snack for the ravens !
No Ive never known this country to listen to the working people, though the theme from Only Fools And Horses, always rings true.
Lastly as for "supply and demand / capitalism ect" you may want to reference the like of ole Titus Salt whom was clearly one of our foundering Industrialists, his experiment later see him as more of a enlightened Capitalist who had 100,000's of public and employees line the street to pay respect on his final journey.
These days our country is seen by others as a capitalist nation, taking in account that it can be owned by private individuals.
. . . Or is it ? If you get the time, research as much as you about The Corporation, our politicians even the likes of Blair and Camerons dad all know far too well who pulls our strings.
It does not matter how rich one becomes in this country, you will always answer to the Corporation.
Regards W'
Hi MrWolf! Yes it had a tuned Busa lump. 1500cc and 240ish HP. The car was 600kg, full slicks, 280mm brakes 4 pot calipers all round and high aero. The braking force was incredible, your brain needs recalibrating lol. Alas the maintenance was a lot, rebuilds of parts under stress etc. Tyres pffftt crazy price and one lock up kills them. Expensive game which I do and dont miss ha.
We'll i am seeing car prices drop, Mclarens have dropped back to nearly pre-covid levels, and still not really selling. So I'm sitting on my hands and in no rush. Previously I did finance cars but anything over 5% is a no from me. In August last year I was quoted 8% as a good deal, I declined and brought out right, tbh I'd rather not have than pay crazy money in interest, and thats because i dont have money to burn.
I still see spending going on ok, there seems to be plenty of people spending, maybe people looking at expensive supercars aren't the ones that will be hurting from rising living costs. Who knows.
ATB.
Political interference prevents capitalism from achieving a natural balance between production and consumption. Too much public sector and now private/individual debt means that we cannot continue (for much longer) to accommodate the percentage of unproductive people in the UK. IMO we have not really seen capitalism since the GFC anyway though, and I do not see that changing anytime soon. The solution to almost all problems is less government, not more government. Again, not holding my breath for that day, either :)