ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

same here, not the fall i thought there would be today. still made good money.

i have now sold the whole lot and at a good profit ...... figures are out tomorrow, so there may be quite a lot of "selling on news", but having said that, no doubt sp will zip away, just to be contrary

i like that prediction cynic......hope so.....

cynic-why should the sp fall on what is most likely to be a positive set of results with a bullish statement about paying back the loan quicker than expected. can only see this going higher tomorrow.

Followed by LLOY on friday.........difficult to predict, but could be a very bullish couple of days for banks (says he hopefully in anticipation of a double whammy for LLOY), though not expecting anything near the earlier results from BARC.

yuff - see bdev!

looks like we got it wrong again cynic.....38p at mo

i bought some back late yesterday afternoon, cynic admitted rather sheepishly.

even if i hadn't, i would still have put good money in the bank, and am now wondering whether to do the same again or to hang on to the shares - 40 is 200 dma

Market expected losses of 5B but it was only(!) 3.5B but as cynic said everything is contrary in this market so wouldn't be surprised to see the sp down at end of the day!

Hopefully not ..

'The impairment rate seems to have peaked'-----having a laugh aren't they? Whilst that may be the case atm due to very low interest/mortgage rates, do they honestly believe the impairment rate is going to fall as interest rates rise and, the tax take increases, then there's the small matter of servicing credit card debt.
2517

decided that 350 on 5000 was a good return o'night, so sold at 38.51 .... following US jobless numbers, might well have been a good move, but shall probably buy back in due course, though it doesn't look as if it will be today

Cynicthats around 1/14 on your moneyand would that be net?you would not need many bad calls in your portfolio working on that kind of margin to make a bookmaker rich.dont get it myself?
It you back odds onyou need to make a lot better that 50-50 callssimple as that?if you punt 1/14 chances.Ill leave you to work out the success strike rate needed..

be as sniffy as you like ..... i could have held, as certainly not under any pressure to sell, but a profit ain't a profit until its banked .... if i could make 350 every day, i would be a very happy bunny indeed

CynicI was not having a gojust cannot understand backing 1/14 chances as a trading systemat those odds with costs you cant afford to make any mistakes I am an investorand so have different rules

i didn't .... it just so happened that a decent profit materialised o'night so i decided to accept it with thanks - and not so dumb by the looks of it

I dont think you are dumb Cynicit is just that I could have 1,400 on a 1/14 horse fourteen times on the bouncetotal outlay 19,600...have just one loser and have returns of 19,500...dont look good to a thicko like me?agreed with shares it is not all on one way or anotherbut you are still not getting much margin for errorBTW you done well to sell Banksif Lloyds finishes up tomorrowIll eat my own bo**ocks!

you miss the point .... i would have been pretty happy to keep holding them, but with the markets so skittish, i am trying to be more disciplined about banking (respectable) profits when they present themselves, especially in such a (fortunate) timescale as this one

btw, i never back horses and actually have no interest at all in horseracing

I did miss the point Cynicyou are saying punting @ 1/14 is not your game planjust a particular situation that arosepoint taken

exactly so ..... phew! it's like explaining jokes to foreigners!