29 July 2011
A lesson to be learned
Above is a graph of the price of shares in Lloyds Bank Group over the last 12 months. As a taxpayer, I am appalled; the original Government stake was valued at over 70 pence per share; if those shares were sold today they would be worth less than 44 pence per share.
Worse. Foolish virgin that I am, I bought Lloyds' shares last October when they had declined to 70 pence. It could only get better, I thought. Doh ...
Of course, they could go up again? But when and by how much?
Betting is a mug's game. (And, this time, guess who is the mug ...)