Cyprus-Forum.com

[MR-from-NG]

Do we have a financial wizard on CF? With the latest developments would you say share prices will rise or will they tumble further. The market closed at 42p on Friday.

[purdey]

I do not think there is a financial wizard in the world never mind on CF. The so called financial wizards, bankers are the reason why the majority of the world are suffering from a recession and share prices keep on tumbling.

[MR-from-NG]

I do not think there is a financial wizard in the world never mind on CF. The so called financial wizards, bankers are the reason why the majority of the world are suffering from a recession and share prices keep on tumbling.

Fair point. Since the credit crunch nobody can claim to be an expert on money matters.
OK, so we have no financial wizards, anybody with a prediction? Will Lloyds share prices go up, down or stay more or less the same?

While we're at it how about a prediction for the RBS?

[purdey]

As all and sundry seem to be of a negative nature, let's try and be positive and say (or sing) ' the only way is up '.

[MR-from-NG]

As all and sundry seem to be of a negative nature, let's try and be positive and say (or sing) ' the only way is up '.

Good prediction.

[Kikapu]

Why MR-from-NG, just how many shares do you still own at these financial institutions.?

Welcome back BTW.!

It's good to have the "Real McCoy" back.!

[JimB]

You long on LLOY ?

Could go either way and will probably do both over the next few days. Same for RBS.

Medium to long term view - bargain for BARC, LLOY and RBS on current P/E's of around 1 - 1.2. BARC favoured as it's still in a position to declare a div at the moment whilst the other two can't till they've repaid HMG.

Short term - not for the faint hearted but money to be made.

Volatility should reduce with LLOY (due to share dilution) as it has with RBS. This reduces the wild swings but makes it a bit of a slow burn on the investment front as there's better returns to be made elsewhere.

Just remember the value of your cash can go up as well as down .....

DYOR and good luck

[MR-from-NG]

Why MR-from-NG, just how many shares do you still own at these financial institutions.?

Welcome back BTW.!

It's good to have the "Real McCoy" back.!

Hi Kikapu,

Thanks for the welcome.

Lets just say I could make a few quid on Monday or lose a quite a lot. I've never dealt in shares before and its all new to me. Life is getting boring so I was looking for a new hobby, somebody suggested the Stock Exchange. Midlife crisis I guess.

[Kikapu]

Why MR-from-NG, just how many shares do you still own at these financial institutions.?

Welcome back BTW.!

It's good to have the "Real McCoy" back.!

Hi Kikapu,

Thanks for the welcome.

Lets just say I could make a few quid on Monday or lose a quite a lot. I've never dealt in shares before and its all new to me. Life is getting boring so I was looking for a new hobby, somebody suggested the Stock Exchange. Midlife crisis I guess.

Good to have you back.!

If you are bored and having midlife crises and want to do something "suicidal" you should do sky diving without a parachute, but only a large umbrella to open in the last minute to cushion the blow with the ground than invest in banks right now.!

My brother asked me a while back whether he should invest some money with RBS ( Royal Bank of Scotland and bank stocks in general) or not at a time when banks were/are losing their shirts. He does invest in stocks also, so I said to him, "what are you nuts"?. The shares at the time were close to £2 pounds a share, and they are about 20 pence now. Overall, many banks will be taken over by the governments, which the shareholders will lose all their investments, and if the government only gives money to take shares of the bank in return, then the share prices will get so diluted, it will be like drinking .001% fat free milk.!

Good luck all the same.!

By the way, are you still flying.? Perhaps you can add to the thread regarding the Turkish Airlines crash in this section.!

[JimB]

Can't deny there's some 'bargains' out there at the moment (if you look at where they were even six months ago).

Best of luck ...

Few tips for you.

Don't put your life savings down in one go - easy to add more if it's working out and there's ALWAYS another opportunity to get in.

Let your profits run, cut your losses. Learn about stop losses, trailing stops and the like. USE THEM.

A profit is only a profit when it's 'in your bank'.

A huge number of 'long term investments' started out as a day trade .... then went wrong ....

Don't catch a falling knife. Almost impossible to know when a fall is going to stop. Don't buy in until your sure it's coming back.

The difference between gambling and investing is knowledge. Do your research, don't act on emotion and ENJOY YOURSELF.

Best of luck in your new hobby.