I think it will go down again because I have traded RBS a lot and it always seems to push then it will pull right back before you know it. I think this week has been great, my only mistake was selling at 254p on Monday. However, I made a great profit. I then bought back in at 264p. So I'm still in profit. However, today it spiked about 4% up, and the first thing I noticed was the gap between 274p-280p. This would need to be filled at some point. I guess it's good it has pretty much happened the same day as it fell back to about 277p and closed at 279p. I am just very cautious and not looking to get carried away with fantasy talk of 300p and 350p and 480p to be very disappointed when it doesn't arrive.
All in all a great week. I am a huge supporter of RBS and hope it makes me rich one day, but when in profit - a profit is a profit and greed can turn to a loss in a flash so ground yourself.
I would say the government decision awaits regarding the APS - I suspect this will be ok and they will exit it - but when is the question. The Q3 results should be ok, and perhaps when more detail about the sell off of Direct Line and if pricing looks promising then RBS could rise on the back of it as it will have a cash injection of c3bn. The EU has time to breathe now but needs to make progress.
Hopefully, Greece doesn't burst and I hope we see a lot more money and investment return to the stock market opposed to other commodities etc being traded. If the FTSE breaks 6000 then that is a massive psychological barrier and it 5915 at close today, even with the RBS small closing with only a small rise.
Now if an arab investor were to come to light, OMG the SP would rocket.
Stockready - tell me some words of advice as you always seem to know what to do and what prices could be with your charts, btw what charts?
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