Lloyds Banking Group Live Discussion

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Trisco 13:12

Everyday I was shocked hearing Aussie commentators refer to the Pakistani team as the “paki’s” until very recently. My Aussie colleague said - “no different to you calling us Aussies. It’s all in the intent.” I took his nuance stance, but I think SKY TV would be up against the wall if they spoke in similar tones.

J_Westlock 13:06

Everyday Actually, you were right @Trisco. Cricket nowadays is much improved in that regard. The ICC has taken it very seriously. Oz has some work to do still… but that’s not just in cricket.

soi 13:01

Commodities Crypto ETFs FX Indices. inc VIX soi: 1416.00 gold short 1412.98 closed. That will do me. soi

Trisco 12:59

Everyday Crikey @J_Westlock, I had no idea it was such a murky world out there. I was more referring to my own experiences

J_Westlock 12:32

Everyday ITV News 'I couldn't believe what I had heard': Moeen Ali tells of 'racial abuse' during... England cricketer Moeen Ali has opened up to ITV News following claims made in his autobiography that he was racially abused during an Ashes match against Australia. The all-rounder alleges that during a 2015 match a player on the Australian team... The Telegraph Australia fans ejected from MCG after racist chanting heard in India Test  Australia fans were ejected after racist chanting was heard during the first day of the nation's Test against India in Melbourne. The Sun – 22 Aug 17 Cricket legend Geoffrey Boycott issues 'unreserved apology' after suggesting... CRICKET legend Geoff Boycott has made an unreserved apology for a racist comment. The ex-England batsman, 76, suggested that West Indian players were given knighthoods “like confetti” and sparked a… Cricket Country – 2 May 14 Racism in Cricket: Examples of ugly discrimination striking the gentleman’s game From time to time, cricket has seen some ugly incidents of racism which have killed the spirit. [link] India Today – 27 Jan 19 Pakistan Cricket Board disappointed with Sarfraz Ahmed's ICC ban over racial... Pakistan Cricket Board also said Sarfraz Ahmed, who has been slapped with a four-match ban over his racist comments, will return home from ongoing South Africa tour and miss the remainder of the ODI series and the subsequent T20I series.

Trisco 12:15

Everyday Cricket is probably one sport without any racial tension or division. Although maybe not when Pakistan play India…that can get a bit heated.

frog_in_a_tree 12:07

Everyday England’s cricket victory is also a tribute to the benefits of diversity that immigration has brought to us despite what many Brexit supporters believe. Cheers, Frog

Trisco 12:03

Everyday Eadwig: Congrats to England & Wales. Hard luck to New Zealand. Bit premature there, @Eadwig. If you add up all the runs that all the other teams scored in the World Cup, you’ll find that England actually lost.

soi 10:40

Commodities Crypto ETFs FX Indices. inc VIX 1416.00 gold short soi

Eadwig 09:58

LLOYDS is going to FLY soi: The sector is not liked. No kidding, its been a dog for over 10 years now. I can’t think of another sector that has been so hated for so long. Not even close. Most that are hated this much have long since disappeared (Like Kodak and whoever were in that sector with them).

soi 09:33

LLOYDS is going to FLY It is flying down again. Managed 1 short in and out but then added long. Yes, it does often bounce up early and in to mid day, noticed that myself, not always though. Which is what makes trading very tricky. Anyway BARC is currently down by almost 4 times the % of the LLOY drop. I am sure that is because I added longs rather than short ( BARC ) The sector is not liked. ATB soi

Eadwig 09:01

Double Top PrefInvestor1: Have you still got your FTSE short going btw ?. Yes, I considered selling it and taking a small profit first thing but decided to hold a little while (a few days) and see how US earnings go - they may take the shine off those strong looking Friday rises (not reflected very much here today, yet) and the futures market. We’ll see. I’m in profit by about 80 points so have some room to wait it out a little bit.

PrefInvestor1 08:55

Double Top Hi Again @Eadwig, Well as I understand it the VIX is calculated based on put & call option prices and nothing directly to do with stock prices. Hence it will move with what option traders are doing I think more than anything else and wont necessarily correlate directly with what the stock market is doing. VIXL is calculated based on short term VIX future prices, so I guess is also options driven. Take care out there !! Have you still got your FTSE short going btw ?. ATB Pref

Eadwig 08:41

Double Top PrefInvestor1: They say that should never invest in anything that you dont fully understand and pretty clearly that is the case here. What happens if the price goes to zero (apart from you having lost all your money !), do you still hold N units at ZERO price which might then recover. Is trading halted ? (cant buy any at ZERO I guess !!). It was trying to answer exactly that question that had me searching about and then found that link. I think it was not so much about the level, but the size of the move in one day. But if the move can be so big they protect themselves at the expense of the investor (you or me) then surely that is capping your potential profits - and just when you’ve got the movement you’ve been praying for. That makes the risk of getting involved quite different. You should look at that last time it was recalculated … and how that corresponds to the VIX - and what else was going on in the markets that day. I also realised that the VILX appears to only be associated with sentiment around the S&P 500 whereas I think the VIX is based wider than that. I may be wrong, would appreciate any pointers if you know yourself (or anyone else reading). I don’t know, but as you say, you shouldn’t really invest in anything you don’t understand, but then many of us do that simply investing in large FTSE 100 companies whose accounts are often so complex that you really need to be not only an accountant but spend a large amount of time on each quarterly report to fully understand what is going on. I’ve just spent an hour or so trying to understand what is going on with the re-financing of an AIM company CVSG (Vet services) and I’m more confused now than when I started. I’m thinking of converting my holding into cash as a result. PrefInvestor1: I SUGGEST THAT YOU KEEP WELL CLEAR - OR IF YOU DO PROCEED YOU DO SO TOTALLY AT YOU OWN RISK. CLEARLY THERE IS GOOD REASON FOR THE KID GIVING THESE A RISK RATING OF 7 !!! Don’t worry about that. We’re big boys on here and anyone who suggests an investment or gives ‘a tip’ it is understood that, just like with a horse, if we decide to put money behind a tip then the risk is all our own and a negative outcome is not to be held against anyone. At least you’ve done the right thing going with a small amount in VILX. I often can’t get motivated to do the proper research required in something until I have ‘flesh in the game’ - and then that becomes a very good motivator for that. Of course, if you don’t have time on your hands to do the research and the stock drops, you have to then make a decision as to whether to buy again or to exit with a loss. So, I don’t recommend the approach unless you have time on your hands to do the research in a fairly timely manner, but over the years a surprising number of people admit to having a dabble first (often based purely on a chart) before actually learning about the company itself. I thought the piece suggesting that US earnings may be weaker than the market suggests was interesting so far as the VILX goes. I would expect that to increase volatility.

PrefInvestor1 08:20

Double Top Well congratulation @Eadwig, I think that you have found something that is sufficiently scary to stop me putting any more money into VIXL. At a quick reading the document describes a mechanism for re-valuing the price in the event of big move in the underlying index, it describes it as a protection mechanism. But as it also makes it clear that this might result in the price going to ZERO (0) AND that the mechanism was last employed in February of 2018 when VILX was at a very similar level to where it is now, thats pretty scary. They say that should never invest in anything that you dont fully understand and pretty clearly that is the case here. What happens if the price goes to zero (apart from you having lost all your money !), do you still hold N units at ZERO price which might then recover. Is trading halted ? (cany buy any at ZERO I guess !!). No too many questions and I have no good answers ATM anyway. I shall NOT be proceeding with my plan to put any more money into VILX. I shall leave my £175 to see what happens to it and thats it. I SUGGEST THAT YOU KEEP WELL CLEAR - OR IF YOU DO PROCEED YOU DO SO TOTALLY AT YOU OWN RISK. CLEARLY THERE IS GOOD REASON FOR THE KID GIVING THESE A RISK RATING OF 7 !!! ATB Pref

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