Mon, 21 Jul 2008
4th Podcast – Paul
British Banks have made a recovery since the show, in the case of Barclays almost 40% higher. This is currently not a sector that I am participating in, having shorted a few stocks on the way down I am now unsure of its future direction. In the case of Barclays the 250p looks attractive but with ‘e’ in p/e collapsing, the shares could go considerably lower. I would like to mass redundancies in the banks before I probably return to the sector. Further to this, I believe government action internationally is actually increasing the issues rather than my preferred approach of letting some of the banks go bust.
Spice, another growth selection. They are not cheap, so you may want to set a target price for purchase, but the company has a good track record to date.
posted at: 13:40 | path: | permanent link to this entry