I am beginning to feel that the UK related Brexit stocks are starting to get a few buyers.
As if the buyers aren't in any hurry and want to buy as cheap as possible. Slowly slowly the share prices are inching up. Not enough to call it a trend but enough to make me think the downtrend from Christmas may have now changed.
My day not so bad as MARS is going up (although that is starting to give way now) and my bigger holdings are steady apart from RBS.
I can't believe I just closed my RBS intraday long at 242.5. for 0.7 pts. less my trading costs gives me not very much
It's scary out there. I don't like this sort of selling on Friday. It tends to carry on into the close on average.
Even Barnier's comments haven't helped the Brexit stocks except for a 20 minute interlude as the buyers temporarily beat off the sellers. The sellers seem to be still going.
I dunno. LLOY in particular looks stupid. What's LLOY which is basically now a domestic bank got to do with contagion from Turkey and Argentina?
It sure is interesting though. I can't help but feel there is some good money to be made here. I've put the hedge-cutter away and will watch with interest for the rest of today
If it's any help Fred I think you will be ok in the long run.
Your three main sectors will all be fine as the demand exists and the economy is growing. Profits in these companies are growing, dividends are growing or stable.
I expect they will all rise as we head towards Christmas.