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“Go Fund appeal @ Buy Mr Wolf a lamb chop”
MrWolf, also made me laugh out loud. Well Done!
Anyone care to post an off topic joke or statement to see if a hat-trick of laughter can be achieved?
Regards MrA
“Mr A, focus on the charts man, they are way more attractive! :)”
As my Mother once said, God Rest Her Soul:
“It shouldn’t be in the shop window if it’s not for sale!”
Well Done JayK, made me laugh out loud…
Regards MrA
Afternoon JayK notice you reflect on the FTSE quite a bit.
Not trying to teach you to suck eggs or anything but you may like to try this rig, even if its on a practice account and test if it works for you.
Try waiting for a higher low pullback and buy into it, once it stops working then just do the opposite and sell the lower highs. . . its been my strategy for many years now.
If anyone else appreciates the suggestion and finds it works for them (I.G hate me) it would be much appreciated if a small % of any potential profits were donated to the Go Fund appeal @ Buy Mr Wolf a lamb chop.
Any predictions / speculations for this next quarter ?
Well without sounding like a ramper , im hearing ZZ Top in the back of my mind atm
Each time I open my Barcs chart, all I hear is "She's got legs" lol
2022 Was a total incompetent kick in the nuts, plagued by the "Over Selling" debacle.
Costing us ground, first to Q's scrubbed , not until July I could chart some direction.
Cut n Paste from 26th July . . . "August looks set to be very interesting throughout.
So I have been tweaking my own charts as the year has bobbed along and thought I'd share my own outlook for Barcs.
As the saying goes "Don' shoot the messenger" always DYOR
Barcs seems to be forming a some nice patterns atm, few Elliot markers have touched nicely.
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.
As I said "Don't shoot the messenger" as this would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +)
If this does not pan out smoothly, the only other option is the occasional drive from R.I's pumping up on good will and hope into 170's and 180's, without momentum these moves will get sold off each time as per"
Well as we are all aware that nice test / slice back at 130 in Oct gave a few of us extra buoyancy in the "Perfect Storm"
Q3 & Q4 was so rewarding trading in and out of R&S levels.
Cut an Paste from Oct 26th . . . "high chance of T of 170+, once 151 is breached.
Well thats how im seeing the short term"
Sat here scratching my ear and Im seeing another move, this time "a power move soon"
Cutting away all the retail chop pre finals still leaves the SP bang in the middle of some conflicting channels.
So im half expecting a tug of war to play out around this level.
However im staying open and looking for 220's this Q and it all depends of course on a good print in Feb.
If we see a close above 220 it opens up 260 /270 and in the longer term a T of 360 !
Yep I had to do, breaking all the rules and mentioned the Taboo £3 gang lol
10th Jan 2023 . . . was the day I broke the rules of this board and mentioned the "Three quid club" Of course longer term, please DYOR before dropping some heavy longs, then posting in June "Wheres this £3?"
My glass is certainly half full for once, could we even expect a potential, rewarding special dividend maybe ?
Fluffing doubt it, though we can only live in hope, aye.
Over the pond the US markets are performing completely opposite to what the FED were expecting, we will feel some swell from them soon, just hope the negatives do not outweigh the positives.
Hopefully a few others may share their thoughts on how they see Barcs performing this year.
As per, GLA
Mr A, focus on the charts man, they are way more attractive! :) - We have the FED speaking today, usually that drops the US market, we will have to see. FTSE up this morning but it looks weak, BARC starting to look like it needs some decent news to get past the 173 and hold. My 7666 target was missed by 2 points this morning, sometimes I wish I pulled all nighters lol. Gotta love it!
JayK… ditto. Your thoughts are truly appreciated even if my eye wears caught by somewhat more interesting non-financial figures via your thumbsnap links. Who says Men are easily swayed by attractive women?
On a ‘red’ day let’s see if they can finish above 172p for the third session. Unless something major happens, I sense/hope that the US inflation figures of this Thursday show a deflation to the exaggerate a further upward movement? Fingers crossed ??.
Regards MrA
JayK: thanks for ta updates on BARC & FTSE they are very usefull.
I need it to close above 173 at a minimum and it hasn't done that. See my chart below, looking like another bear rally.
https://thumbsnap.com/i/CrxveyWP.png
Also US finishing up with a bearish hammer, support at 386.69, if it break this then might be pretty stale.
https://thumbsnap.com/i/uS1G9qST.png
FTSE also hit resistance and my shorts are in play.
https://thumbsnap.com/i/BA5dVuJe.png (Entered a bit early, poor entry) Target 7666 - 7615
I think that we can see things have stalled a bit at strong resistance levels, thats ok as its been a big rally however we need to see if its a breather or a reversal, not seen signs of a full reversal yet, but the FTSE is close to all time highs. For Barc if I'd like to see a HA reversal before exiting. Damn i love looking at charts way more than I should ha. GL all.
For me, as previously mentioned, the Share Price needs to close above 172p for 4/5 sessions to convince me that another leg-up is likely.
Friday 6th Jan 23 Closed at 172.10p = Session 1
Monday 7th Jan 23 Closed at 172.62p = Session 2
Regards MrA
Evening All,
The latest update from Mr Strang, albeit not sure there is anything new here that has not already been pointed out by a collection of posters.
Regards MrA
https://www.ii.co.uk/analysis-commentary/barclays-shares-optimistic-view-ii526514?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_090123%20(1)&utm_content=newsletter&spMailingID=23694182&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2151516233&spReportId=MjE1MTUxNjIzMwS2
That is one of the reasons why I am long PM miners. And have been for a few years now. Quite frankly, the west should never have moved away from sound money IMO, but we are where we are and will just have to see how this all plays out.
Talking about the US - https://www.youtube.com/watch?v=gJ8k1OfiiLE
Good watch. Talk about how Russia and China our buying masses amount of gold, possibly to pull away from the dollar. More talk from the US to go full war with Russia via Ukraine. FED points about interest rates staying high, US job lay offs, Lithium mining in Quebec, a few companies are hitting the same spot, one company hit lithium and 200% stock increase so the others could be a good purchase at a very lost cost.
Not investment advice of course, DYOR etc, but since you asked - across the pond...I like Paramount Global and a few of the bigger PM miners. Personally happy to hold through volatility and build on weakness with those, but I could easily be wrong of course. I can hold long term if needed too. Not currently in any of their banks, only BARC. US markets still look very frothy IMO, but who knows?
Thanks for the reply , any ideas for making money , OVER THE POND ?
good luck . BO77
You make a great point, Seav. I believe that the cull of Twitter staff (and how little it seems to have impacted their service offering!) is going to influence the broader tech sector. IMO it will greatly accelerate the likely headcount reductions in that field (some of which were going to happen anyway), but could indeed lead to 'contagion' across other sectors too. Such as banking. Where it really needs to happen, IMO, is in the public sector space, but not a chance will that happen!
It's a bit ridiculous that Standard Chartered is valued around £21bn while Barclays is valued just around £27bn. If they can afford STAN, might as well go after the sizable Investment banking player with a take over of Barclays. Surely the Board room in barc would be wondering what would happen if barc receives a take over offer for say 270p per share and shareholders willing to accept it. Surely this must be making them wonder that it's time to get the share price up fast else there could be a cheap takeover well below TNAV of 300p per share? The BOD and the wide swathes of potentially overpaid management teams and executives would be out of jobs? Maybe a takeover and finally splitting off IB would unlock the value which only the execs seem to be enjoying through their sky high compensation?
Elon Musks takeover of Twitter has definitely shown that even with a 90% reduction in staff count, a big company can still operate efficiently. Makes you wonder what all those teams and departments were employed for? Maybe banking is due a consolidation?
The market has been really compressed today, but NFP just came out good and the FTSE took off. Hopefully this gives BARC good momentum also.
I trimmed a few today. Was aiming for 180p ish, but gut feeling, like some others here, is that the markets are going to correct soon after this frankly surprising start to the new calender year. Naturally hoping for a pull back now (!) but kept a few for a LTH. GLA.
Just curious. With the excitement generated in the financial sector yesterday about a possible takeover of Standard Chartered, with the potential buyer now backing away, it got me wondering as to whether some entity would make my day and seek to take over Barclays. There is no obvious reason why this would happen, or happen anytime soon and is pure speculation. But were it to happen imminently, is there anyone out there knowledgeable enough to suggest, in ball-park terms, what price per share, the Barclays board would recommend acceptance to shareholders? I don't have that knowledge and have to go with my gut feeling and would suggest around £3.50. Any other views?
Evening MrA, The US has really be static this week, in a narrow range with no direction, even though Jobless Claims came in way lower than expected, and lower than previous, along with Employment change being way better than expected, most news events were positive yet today the price fell. US CPI is Jan 12th followed by GBP GDP on the 13th. Will have to keep a close eye on the US, as we know if the US sneezes the rest of the world catches a cold.
JayK, many thanks for your 16:20hrs post. Pretty much spot on with your views imho. As an observer, Not sure what is going on over the pond? I really need to check on the Inflation announcement dates, as if they have peaked as I believe they pretty much have, then they could be the key cause for a further short term leg-up?
Good Luck My Friend. Regards MrA
MrWolf thanks for your views. Always appreciated. Similar thoughts my side of the fence also that there is a tad more to run before taking profits or gritting teeth for a retrace, wait and then a leg up? Hope Mrs Wolf and yourself are both in good form?
Good Luck My Friend. Regards MrA
When I say 172p broken, I mean broken and comfortably not retreating below for at least 4 tom5 trading sessions.
Regards MrA
razzledaz, I hope you are well my friend? My original intention was 10% (achieved and surpassed) or 15th Feb 23 (results day). However, momentum remains so I’m reluctant to check out at this stage. I would naturally expect some profit taking by investors tomorrow. I need evidence or confirmation to see if 172p can be broken. If it fails, then I may take profits.
All imho please myoc and gla. Regards MrA
Not at all, most welcome thoughts, thanks JayK.