Does anyone think today's U.S. driven rise LLOY be sustained or are we back to 1 step forward, 2 back tomorrow?

ranaweeram
Sorry haven't looked for ages (spend most of my time at advfn). Seems to me you're doing alright - know about MONI etc., other members of my family came unstuck there as well. My father is phlegmatic about it but it will take my brother a long time to recover his confidence. Personally it was a good lesson learnt at other's expense but I still expect it will happen to me at some point, at this stage just consider myself to be very lucky to be up on the back of a rising market.

Back to subject: Nice rise this week for LLOY and subject to Monday's presentation could see 6 quid shortly - if we match BARC I'll be very happy but at that point will have to look seriously at the possibilities of outperformance which has happened often in the past (upside & downside). At this point everything points to upside - Eric Daniels has basically replaced the board that made the costly decisions of the late '90s to get back to what he sees as the core business i.e. home market. There is also the 66% possibilty of announcement regarding Brazil sale which would bring in 520 millionish quid as well as being a good feather in the cap - we will see.

Warmest regards

Just noticed you mention IC - from what I am lead to believe elsewhere they are complete crap, beware.

Aceuk

Thanks for the advise. I have been a IC reader, or rather a subscriber for sometime. From time to time I question myself why I bother with IC, as I hardly get a chance to read it.

Cheers
Manoj