Replies to post #17 on AIM UK

[OldAIMGuy]

Congratulations Clive,

The Financials here in the U.S. are an interesting play. Everyone seems to be waiting for the 1st Qtr revenue and income reports from the sector. It's pretty much a sure thing that the reports aren't going to be rosy. Every participant will probably try to write down as much of their bad news as possible.

So, with that in mind, we probably should expect a relief rally after announced earnings/loss for the qtr.

:-)
TV

[ls7550]

Back into Lloyds again

GTC at 4.15 that was nearing its expiry date got filled at 4.147

So far this years ISA allowance played on LLoyds has

3.95 in, 4.65 out (70p gain)
4.07 in, 4.70 out (63p gain)

so the current 4.15 back in again does so with an overall averaged down cost of stock to 2.82. Which is 20% below the current 52 week LLoyds low, and has a forward dividend yield of 13.5%.

I don't intend trading out of these holdings and have moved them to my longer term buy and hold bottom draw.

I haven't yet started 2008/9 ISA though - but that's another story yet to unfold that may involve further trading in/out Lloyds until sub-prime volatility quietens down.