I don't think the SP has dropped as bad as most thought. This stock has been one of the most shorted stocks this week especially on Mon in the US (LYG) and has held up quite well. (I'm sure you have noticed the amount of people putting negative posts on this board compared to last week) Some of the posts are factually correct but slanted towards the negative parts of articles omitting the positive parts some are just bad rewrites but what we need to understand is:

1. We are not going to be nationalised

2. These shorts have to be bought back

3. This RI, GAP withdrawl asset sale will pay off, we just have to wait till next year when the dust has settled.

4. Take everything you read on this board with a pinch of salt.
(I'm still waiting for the Sept crash that the doomsters have been harping on about!!)

Everything we read on this BB with a pinch of salt???? That includes post #1041 - 1043 then? This is all just opinion & should be treated as such.

>>>>>>>>>>>>>Master RSI
Keep it up, I think most of the posters on here are grateful for your hard work and I must congratulate you on the cartoons I cant stop laughing, I am with you on the latest stocks INCH, HAWK, BPC, ANR


and further more my approach to short trading >>>>>>>>>>>>>


A reliable approach to measuring the intermediate trends is to combine the signals of the MACD and Slow Stochastic indicators.

The combination of the two indicators increases reliability.

Trading Signals
Long positions:

Look for buy signals when both the MACD and Slow Stochastic are above their signal lines.
Do not take signals if one of the indicators has crossed to below its' signal line.

Exit when both indicators cross to below their signal lines.

Only indicator I use is price , all other indicators contradict each other imo.

But what tfdik :-)

Good luck.

Opting out of the Asset Protection Scheme would be hugely positive for the group, provided the bank is able to raise adequate capital from the market, Joe Dickerson, an analyst at Execution Ltd., wrote in a note to investors today. Lloyds wholesale funding costs would decline materially because fixed-income investors favor banks with little government ownership, Dickerson wrote. He has a buy rating on the stock.

POSITIVE NEWS THIS WEEKEND ...........

Banks to support Lloyds' rights issue

Lloyds Banking Group has moved closer to an 11bn rights issue after gaining the support of a powerful syndicate of investment banks.

UBS and Bank of America Merrill Lynch are thought to have agreed to act as lead underwriters for the bank, which is seeking to limit its participation in the government-backed toxic loan insurance scheme.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6294379/Banks-to-support-Lloyds-rights-issue.html

Sterling was also buoyed by reports that UK Financial Investments (UKFI), which manages the taxpayers' stakes in Royal Bank of Scotland and Lloyds Banking Group, had held talks with investors to gauge their interest in buying stakes in the banks.

http://www.telegraph.co.uk/finance/financetopics/recession/5350842/Sterling-jumps-to-a-new-high-for-the-year.html

From The Sunday Times -- October 11, 2009

Lloyds ready to raise 11bn

Lloyds Banking Group is preparing to push the button on an 11 billion rights issue in the next two weeks, after lining up a powerful syndicate of investment banks to support the move.

UBS and Bank of America Merrill Lynch would act as lead underwriters on the deal, which would be linked to Lloyds attempts to cut its participation in a government-backed toxic loan insurance scheme. Citigroup, Goldman Sachs, JP Morgan Cazenove and HSBC have been lined up as joint underwriters.

The fundraising hinges on support from the Treasury, which would have to agree to pump more taxpayers money into the bank as part of the deal. It is also linked to negotiations with the European Commission over the level of state aid that Lloyds has received and the penalties it should pay as a consequence.

Alistair Darling, the chancellor, is this weekend considering the so-called Plan B proposals put to him by Lloyds. The Financial Services Authority and the Bank of England are also debating whether they are comfortable allowing Lloyds to back out of the Government Asset Protection Scheme (GAPS), which would shelter the bank from the worst potential losses it could suffer over the course of the recession.

If the authorities agree to allow Lloyds to raise the money privately, it is not clear that shareholders would back the move.

Lloyds has been told it has to plug a 25 billion capital hole if it wants to avoid participating in GAPS altogether.

As well as the 11 billion rights issue, the bank is examining plans to swap up to 15 billion of its debt securities for equity. It is also looking at a string of asset disposals that could include floating a minority stake in its Scottish Widows insurance empire.

Plan B also reveals how Lloyds could introduce further cost-cutting measures including more job losses if the economy slides towards the Bank of Englands gloomiest predictions.

market rocketing today......and lloy still down!

Rights Issue coming up, so can't see the sp going anywhere (except down) until that is sorted.

and they need to get rid of that yank idiot in charge.......since when did americans know about banking, lol

Don't tell "marni" ( silly cow) that VOG is well ahead or she may try to jump through the window,and the ambulances are just too busy at the moment as they are having a tea break

it was a coffee break on other thread......haha you even lie against yourself

Why on earth cant the gov try and be helpful to Lloy instead of trying to screw the last penny in expensive help. Where do they think the money comes from? LBG is so near being able to float free and start paying lots of lovely tax, all it needs is a little help, after all surely they understand the amount of effort required for RBS, Rock and all the other problems?

brown said yesterday he wanted banks shoaring up balance sheets and NOT GIVING MONEY OR WALTH TO SHAREHOLDERS.
labour gov dont want lloy or any bank to do well.......they are against any shareholder.........i reckon everyone in counry should sell their shares in every company and see meltdown of all companies and capitalism

roll on the revolution

That " cow " is more silly than I though, 2 hours has passed since the tea time so is coffe time after midday

I'm with you on that marni, only you go first! ;o)

Closing Market report

In the banking sector, Barclays edged down 4.35p at 372.65p on press reports that
it is to divest itself of 4bn of credit assets to help shore up its balance sheet, while
Lloyds slipped 2.39p at 91.61p as investors await news of its plans for a rights issue,
making it the biggest FTSE100 loser of the day.

RSI, Where was your resistance line?

... and where is your stop loss or you just gonna hang on forever and hope it comes back like VOG , MDX ????