After Such Dramatic Falls, Is the Time Right to Invest in UK Banking Shares?
The fall from grace has been quite dramatic, the share prices, on average, have dropped by fifty percent in six months, is it therefore time to invest in the UK banking sector? I have watched in amazement over recent weeks the massive drop in share prices of some of the banking shares in England. I have been following, as an example, the Barclays share price. I was thinking of buying some of the shares if they were to fall as low as £4 a share. They are now only a shade higher than £3. It seems as if the shares of Barclays have dropped by 3% each day for the last ten trading sessions. I have now decided to take the plunge if and when the shares fall to £2.60 a share. Another company that is of interest to me is Lloyds TSB Group. These shares have not performed much better than Barclays and I also have decided to purchase them if they fall as low as £2.60 a share. These trades are to be invested over the longer term. I believe there is likely to be quite a large amount of volatility for
