Quote:
Originally Posted by EssexDave
And brave, if you wait slightly too long they could drop down again, or company could even disappear with your shares!
If you want to buy some though i'd look at banks you expect to make it through.
Eg RBS, their shares were about £15 a little while back, I havn't checked past few days but they were around £2 or less, buy a few now wait until they recover.
Of course you can't be 100% sure.
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They were over £21 a couple of years ago, though they did a 3:1 restructure a whilst back, meaning that would be the equivalent of around £7 each. When they did the capital raising exercise a couple of months ago, they issued to existing shareholders at £2, as opposed to the £2.30ish they were trading at back then. They closed at 90p yesterday..... Good job my holding is fairly small, I can afford to loose it worst case scenario, and I was in it for the long haul anyway!