The SP has dropped 25% since the week of the results. Those that were negative then and advised you to sell were actually your friends. I still don't know why is fell so badly ahead of the rest of the market but I think it was due to poor management of market expectations or fear of further trouble ahead. Basically it is probable that RBS private investors are ****ed off and if the management don't watch they will desert in droves.
Now it might be that if you had sold then, the rampers would now be your friends, as many are now talking about the difference between the tangible NAV and SP, and, by the way, it was Jings on here who posted that discrepancy first. However, you have to do your own analysis. Decide whether the retrace on RBS and LLoyds are the cyclical retracement that many have been expecting across the board, or whether it is in addition to that. Decide also whether the management really care about PIs and will continue to write off as much of their dodgy loan book as possible during the final year of their restructuring and will ineptly declare more massive losses and set asides, that will be seized on by the press and other detractors and drive the SP even lower.
Only you can decide on all the imponderables above and many others I know nothing about, but please don't make your decisions on baseless "optimism bias" or "perception bias" Remember also that none of us would watch this site if we didn't think that there would come a day when the future would be better!
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