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Well I went in at 415.3 this morning - its running too cheap, so couldn't resist it any longer and decided to add it to my portfolio.

I bought extra in today, to shore up a batch I bought a few weeks ago at a higher price. If drops to 4.10 will get another lot. I need a fairly big rise overall to get my money back, however, happy to wait long term and pick up the divis which are still better than money in the bank so to speak.

I reset my limit from 410 to 415. Temptation is to buy now instead of waiting for the limit.

I don't know how much money you have to play with - but you could always use half to buy now in case it does not drop and if it does, then buy more.

(I no longer put limits to such round figures, because I find there are the resistance levels. Either they never make it, or if they do, they go straight past it! I would do 415.1 if I wanted to buy at 415.)

I don't want to panic you, but Lloyd is still going up!

I missed the boat. I am betting that it will come down as fast as it is going up. So I will await.

Lloyds still rising nicely - Ranaweeram that boat is bound to come in for you so hold your place on the dockside. I missed selling out HBOS a while back as I was waiting on a price of 815p to sell,which it didn't make, so I'm still sitting on those but they are also rising nicely last few days. Agree limits either to buy or sell are OK as 'markers' but as my experience with HBOS shows (could have sold at 812p and held on for 3 extra pennies!) they shouldn't be carved in stone! Intuition or gut instinct has to win the day. We live and learn! Stockbunny

Sold at a profit - squeezed just over 4.45 (don't know how), most charts were still showing 4.405. Phew - I'm out of here, roll on net big drop (probably go way up now, but I don't care)

Good on ya Linzimason!!

should go higher with roumers of share buybacks with proceeds from sale of newzealand bank. IMHO.

Has fallen back 6 pts on the days high with 80% of the traded volume being 'buys'

Does this make sense to anyone?

Rich

people waiting to see what the dow does price will probably go back up after 2 oclock

Transactions are only recorded as buys if they are at a price above the mid price, and sells if below. For someone to sell, someone else bought them! (I have sold shares many times which got recorded as buys because I managed to get a really good price!)

The bid & offer prices of a share is the SETS prices. If the order book for sets buy's (this is based on our sell/bid price, as they want shares)is better than the sets sells (based on our buy/offer price) the price should drop. (You need L2 to see this) This is not 100% foolproof because the prices are sometimes manipulated. Also if there is not enough dealing the prices may lowered to encourage buying, or rise to encourage selling. The SETS dealers only make money on the spread, so need to encourage trading.

Bought 100 LLOY @ 421.94.
Previous Buys (still holding):
106 @ 539.79
100 @ 479.99
100 @ 442.79

Will buy another 100 again if it drops below 410

May be I am going mad with LLOY. At least, the dividend yield is better than putting money in LLOY (or ING).

Any comments on why shares are doing poorly?

possible reasons IMHO

sale of newzealand bank is in doubt (could float on stock exchange instead)

change of executive (mike ross has been with scotish widows for 40 years) but new blood could just be what it needs

market doesnt think lloyds can keep dividend at current yield level which is about 9% at current share price. dividend cover only about 1.

even so i think lloyds is a good investment. i keep toppong up every time price drops 450 plus should come soon.

if they do float newzealand bank and new boss does wel price should soar.

good luck all (i am holding on to mine) IMHO

THE FTSE 100 PRICE MOVES HAS A BIG EFFECT AS WELL A GOOD SHARE TO BUY AND SELL FOR A QUICK BIT OF PROFIT.

Ranaweeram - great to see you did get in for some more when the price dropped again, see that boat did come back in for you! Good Luck!

Thanks Stockbunny. Yes it did come round.

Works is changing to fortnightly payment. In addition they are giving a two weekly pay (gross) as a loan, which I do not have to pay until I leave the company. Current thinking is to put that into LLOY. Only worry is I might end up being too exposed, given about 28% of my current portfolio is in LLOY.

I did not realise that the dividend cover is so low. Even if the dividend is reduced, it is still a good investment.

Rising well today so far along with the other banks - after the last couple of poor days this is good to see!! Broker comment today that the dividend worries are overplayed useful.

Hang in there you guys.
The dividend will apparently not be reduced according to qualified sources (i.e. broker briefings etc.) which on an average rating puts the fair value somewhere in the region of 650p - IMHO of course and always DYOR.