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  1. #3361

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    FTSE 100 ended September where it started, despite all pooper's emotional hysteria.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  2. #3362

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    Quote Originally Posted by DealorNoDeal View Post
    FWIW (and it ain't worth much when you're dealing with a Walter Mitty)

    I assume he rolled the October option forward to the end of November.
    Roll Forward Definition

    A couple of weeks ago he said he was already down $70k on the October put.

    So my guess is there would have been at most $150k left to roll into the November put. Of course, he may have added new money to the position.
    Given his arrogance of his own skills he could well be doing this .... which reminds me of a certain Nick Leeson back in the 90's, and we all know how well it went for him Keep throwing money in to try and right the losses, but just digging yourself in further - not the best strategy!
    I am what I drink, and I'm a bitter man

  3. #3363

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    Quote Originally Posted by Whorty View Post
    Given his arrogance of his own skills he could well be doing this .... which reminds me of a certain Nick Leeson back in the 90's, and we all know how well it went for him Keep throwing money in to try and right the losses, but just digging yourself in further - not the best strategy!
    If he keeps rolling the put forward, every month or so, one day it may pay off. The trouble is, the longer it goes on, the bigger crash he'll need just to recoup all the accumulated losses.

    Options really are a "good" way to throw money away.
    Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

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    Quote Originally Posted by DealorNoDeal View Post
    If he keeps rolling the put forward, every month or so, one day it may pay off. The trouble is, the longer it goes on, the bigger crash he'll need just to recoup all the accumulated losses.
    It would be easier for him to just set up a new gmail account and open a new account in the trading game.

  5. #3365

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    What's the Lloyds SP prediction then, 10p?

    It'll be nationalised at some point next year due to the massive list of business failures and unemployment. The billions it has in capital buffers will be wiped out in no time because it's far too reliant on the UK economy.

    Barclays is surely better?

  6. #3366

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    Quote Originally Posted by BABABlackSheep View Post
    FTSE up 0.64%
    LLOY.L down 1.06%

    You are long on LLOY, Short on FTSE?
    pooper should have done it the other way around
    oh dear

    Now lloyds up by a whopping 0.5%
    Last edited by Andy2; 1st October 2020 at 13:35.

  7. #3367

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    Quote Originally Posted by Andy2 View Post
    pooper should have done it the other way around
    oh dear
    PCI strikes again.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  8. #3368

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    Quote Originally Posted by SeededLoaf View Post
    What's the Lloyds SP prediction then, 10p?

    It'll be nationalised at some point next year due to the massive list of business failures and unemployment. The billions it has in capital buffers will be wiped out in no time because it's far too reliant on the UK economy.

    Barclays is surely better?

    If you're not into TA, there's always another way to measure the sentiment. Bad news. The responses on here are evident of that. Conversely look at the 'good news' stories for the tech companies right now, contrarian alarm bells



    From Reuters in February 8th, 2009

    Lloyds investors fear dark hole for Black Horse - price action was up 200% 12 months later.


    This is Money, November 2011

    Lloyds Banking Group in turmoil as Nathan Bostock backs out - price action was up 270% 24 months later.


    Today:

    Thousands of Britons living in EU told their UK bank accounts will be closed








    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  9. #3369

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    Quote Originally Posted by _V_ View Post
    Be easier to see on the register if you buy some odd number of shares like 81973 or 82007
    Might have to wait until next week before my order goes through.

    Let the market come to you, isn't that what they say?
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  10. #3370

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    Quote Originally Posted by scooterscot View Post
    If you're not into TA, there's always another way to measure the sentiment. Bad news. The responses on here are evident of that. Conversely look at the 'good news' stories for the tech companies right now, contrarian alarm bells

    From Reuters in February 8th, 2009

    Lloyds investors fear dark hole for Black Horse - price action was up 200% 12 months later.

    This is Money, November 2011

    Lloyds Banking Group in turmoil as Nathan Bostock backs out - price action was up 270% 24 months later.

    Today:

    Thousands of Britons living in EU told their UK bank accounts will be closed
    Interesting ... you're using stories from 2007 and 2011 as technical analysis for your LBG purchase.

    I quite literally don't know where to go with that knowledge
    I am what I drink, and I'm a bitter man

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