Lloyds Banking Group Plc (LYG)

[Ripcord01]

Considering it has basically now pulled back 10 percent from its 52 week high. I would normally say it would be in a buy range.

However, the fact that it has risen so much in the past year leads me to believe this thing could drop a bit more before this retracement is over and support catches up.

I personally won't be buying anymore at these levels. I might kick myself later for not buying more if I wasn't buying other stocks right now.

This is a long term investment in my opinion. A person looking for a good place to park some money that will reward someone over the next 5 years.

Expecting immediate results from LYG (ADR shares)

If you can buy the shares on the London Exchange or LLOY those are a buy.

The shares on the London Exchanges are at a deep discount to the ones trading in the USA. LLOY is trading at 74.19 Pence (UK) per share or .74 GBP ...multiply by the conversion to dollars and you get around 1.2 dollars

This is why I believe that the news of a dividend is what has driven the stock to be so high on the US market.