Posts Tagged ‘Barclays’

13:20 Sometimes it is better not to listen to guts feelings… Barclays is 11 points down from my order but I chose not to cancel my sell order… Glaxo is 4 points down from where I bought it…

8:23 I am in with Glaxo but something hold me form entering Barclays. So I will give up this one.

7:40

Looking into the News Calendar it seems that all eyes are looking for tomorrow Nonfarm payrolls. Good results can send the Dow around 11k bad one and we can see it back to 10300 level.

So I don’t expect big movements today but here is my orders for Thursday:

1) Barclays Buy 346 stop loss 331 target 376 or Sell at 331 with stop at 346 with 301 as a target. Reason: Triangle & outside bar on the daily chart.

2) Glaxo. Buy 1139 stop 1121 target 1175. Reason inside bar on the daily chart near support level. MACD & Elder ray are rising.

Good luck

No.

Both Citi and Bank of America were down heavily today because fresh fears of the ‘N’ word – nationalisation. And there is a good chance that this will happen. But those shares are already 90% from their peek. So not a lot left for the brave shorters.

Take a look Citi. At 2.51 you have 251 to gain. If they are going down they are all yours. But you have to remember that the government is not very keen doing so. If investors will think that it won’t happen then the share may look cheap and can jump easily to $5-$6. Meaning you will loss 250-350 points.

If you remember not long ago Barclays was on quite the same situation. The share went down to 45p then the bank said that the situation is not that bad (and proved it with 2008 report) and the share jumped to 120p.

So my advice leave the banks alone for a while. They jump up & down like crazy and the trend is down, but they are too low now to go short. This you should have done on the day Lehman Brothers said long goodbye.

Royal bank of Scotland has bounced back 35% today and it is now stands on 21.3p after last Tuesday it was worth only 10.3. 100% in one week. Maybe it was a bit early to wave them goodbye.  Also the volume was 395.5m the leader od the day, 2.5 more than Vodafone on the second place with 136.97m volume.

Also impressive is my Barclays trade that gave me 104% profit when I sold it today for 98p. As soon that I hitted the sell button the share went all the way to 120! but I am still quite please with this trade.

What next? don’t know. I don’t have any opened position at the moment, and even my order book is empty. But not for long !

Hi all,

On Friday I bought shares of Barclays at 48p. Today it turned out to be one of the best buy I ever did. They announced in the morning that they made a profit and they don’t need more money and the share went all the way to 88.70 a 73% gain in one day. Did I took profits? No. No? No. Why? because I think the share has more to gain. I target the 120 price but I know some people who look for the 150-160p.

Again I missed the GBP/USD my order level is still 13520 and it went down all the way to 13550 and then a huge jump to 13967… I don’t have luck with the GBP…

Another thing that I’ve made today was to go short on the Dax at 4332. This was a mistake. First I never followed the German market and I don’t know a thing about it. Second I didn’t have the right frame of mind to follow the trade. And third I didn’t set targets. So why I opened the position? because Paddypower has this nice tool on their homepage where you can see the balance between short and long that people are taking. So around 15:00 98% went long on the Dax. I thought 98% can’t be wrong and the RSI was at 82 level. I opened a position. 10 minutes after I was 40 points down. Now if you bet one or two pounds per point it is not that bad. But I was more than that and my profit from Barclays was at risk.

I’ve almost lost my temper and closed the position at lost. But I hold my nerves left the computer for 10 minutes and by the time I came back I was in the money. I closed the bet because I knew I didn’t have the time to monitor it. 10 points gain. Now I checked the Dax and I could made another 35 points… but lesson learned. Never opened a position on a market that you don’t know. And never use a stop loss on Index. It will cost you a lot!

By the way Paddypower spread on the Dax is just 1 point!

Friday wasn’t that good day for me. At 10:00 I saw the Dow around 7950 2% down even before the start of the trading. But I had to go out and I didn’t want to open a position when I can’t monitor it.

So I called my friend and asked him if he want to join me to put a long bet on the Dow. He said no. He already opened a position on GBP/USD at 13520. It is a good price he said. So I checked and it was 13502. Good I though to myself… but by the time I hung up the phone the price was already 13550 (less than 5 minutes…)

So I put an order to buy at 13520 and left home without open a position on the Dow. That was a mistake and I knew it…

The end? The pound went up and up to 13800 and the Dow jumped to 8100. And I was out… 450 points went a way! The only thing I managed is to catch Barclays at 48p. Now it is 51.2. But I think it has a good chance to bounce back to 80-90. I do hope!

Hi all,

To be honest I thought that Wall st will react better to the new president. I thought that Mr Obama will come with a great speech that will carry Wall st with great optimism all the way up. I was wrong.

When Barak Obama made his speech, the Dow was around 8150 soon after it went down to 8100 and then all the way down to 7950. Great start. So if Obama didn’t understand the task in front of him now he does.

But with banking sector near collapse some analysts talk about the Dow around 6000 and the FTSE has 2 at the beginning. My advice is calculate your risk. If you still want to go long on the market buy put option. Just in case. But put options are expensive these days because no one can see good news in the near feature.

I know that I am willing to take a risk and going to buy Barclays if they touches 65p. At the moment it is 72.95 so I am not far. But this is for long term investment. I think they are one of the few that have a chance to get it through, and if they do, the sky is the limit for this share.

Hi all,

Back in my of a fight back to London I read an article in one of the financial magazine that recommended to buying Barclays the price of the share back then was 338p. Today? 98p after black Friday for the famous British bank. In the last hour of trading the share lost 25%. Barclays is trading on 1993 level. And RBS? even worse 34.7p the bank that on 23/02/2007 was 704p.

In other words banks are trading for pennies. Do they have a chance? One can say that if RBS is just 34.7 it has no where to go down. But in my view it is matter of weeks or even day before the government will take full control and share price will be worth nothing.

Take a look at Citi. Not long ago a friend of mine told me that if the share price is below $10 I should buy. And I did. I bought it when the share was $9.38. On the same day it jumped to $9.90 and I didn’t take profit. Stupid me. It was Friday and I should take 5% profit on one day.

The next Monday the share went down and hit my stop loss at $8.6 on the same week the share went all the way to $4 before the US government  bailed them out. My friend that recommended me to buy did sell and found himself buying more when it was $6 and more when it was $5 and $4.

Yes the share did bounce back and he managed to make small profit but since then it seems that that the end is close for Citi. And Bank of America, and Lloyds TSB and even HSBC. No one safe. Going short is the obvious choice but apart of HSBC no much left to go down. So it is a huge risk.

I am staying put.

Have a nice weekend!