FTSE 100 ended September where it started, despite all pooper's emotional hysteria.
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Originally posted by DealorNoDeal View PostFWIW (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.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 manComment
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Originally posted by Whorty View PostGiven 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 himKeep throwing money in to try and right the losses, but just digging yourself in further - not the best strategy!
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.Comment
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Originally posted by DealorNoDeal View PostIf 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.Comment
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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?Comment
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Originally posted by Andy2 View Postpooper should have done it the other way around
oh dearComment
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Originally posted by SeededLoaf View PostWhat'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 TwainComment
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Originally posted by _V_ View PostBe easier to see on the register if you buy some odd number of shares like 81973 or 82007
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 TwainComment
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Originally posted by scooterscot View PostIf 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
I quite literally don't know where to go with that knowledgeI am what I drink, and I'm a bitter manComment
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