I'm long @ 9517 - SL @ 9497
That's it from me guys. -20 is enough.
I'll just watch and enjoy these days for the sheer experience of it all.
On a fundamental level the big wigs have really effed up the system with greed.
I've still yet to hear one good plausible reason why they do not allow the market system to sort it self out.
1. We need transparancy as a regulatory requirement from the auditors
2. So that the market can rate these shares
3. Issue new shares and let punters buy
4. Government picks up the left overs if nobody buys
5. Shareholders lose out but they are risk takers after all
If companies have no assets and they are worth trash then they shouldn't be valued at £2.58 (BARC.L). If they were valued as to what their assets plus some future expected earnings rating then the market will adjust and we can all get along.
If Banks have more liabilities than assets then they go bust, shareholders lose and governments should be obliged to cover all private and business deposits as lender of last resort.
I fail to grasp why the market system is rejected in resolving this situation?
Good trading everyone.