Bank shares were largely undervalued while the greek stuff was going on.
I told him to buy Barclays shares while they were low because they had already written down their Greek assets. They have been going up since and went up 5% on friday.
(PsychoChomp, Mon 5 Dec 2011, 11:50, 2 replies, latest was 14 years ago)

Give me your opinion on Lloyds Banking Group shares please.

(Reverend Fister "a disciplined fuckwit", Mon 5 Dec 2011, 11:56, Reply)

They can't get much lower
but it'll be ages until you'll see a big gain in the price. I haven't heard any good news from them for ages.
Long term though, they'll go up.
(PsychoChomp, Mon 5 Dec 2011, 11:58, Reply)

I may or may not work for part of this organisation.
Several months ago I asked our divisional top-dog about the share price. He said exactly the same thing - "it can't go any lower".

It was 38 pence that day. It did indeed go lower. Much lower.
(Reverend Fister "a disciplined fuckwit", Mon 5 Dec 2011, 12:13, Reply)

I've mentioned this before on /talk
but my ex-wife spectacularly failed to sell her shares in the dot.com startup she was involved in in 1999, which would have netted us £100-£150K. At the time they were about $45/share. 18 months later they were about 7 cents each.
( the mighty badger Aphrodite, on a bar stool, by your side, Mon 5 Dec 2011, 12:18, Reply)

depends whether you think all banks were overvalued before
or are undervalued now, really. good news doesn't matter if the shares are low and there's no bad news.
( the mighty badger Aphrodite, on a bar stool, by your side, Mon 5 Dec 2011, 12:13, Reply)

sound advice
Barclays are a good investment in general though, they fell like all the other banks in crisis but Barclays weren't actually in any trouble at any point, so they are undervalued.

RBS is still a great long-term buy, I reckon.
( the mighty badger Aphrodite, on a bar stool, by your side, Mon 5 Dec 2011, 12:00, Reply)

What I've heard of from the "bad" part of northern rock
they're doing really well.
(PsychoChomp, Mon 5 Dec 2011, 12:02, Reply)