Some are doing similar with the government backed loans they've managed to lie themselves into.
The stock market is basically betting, especially if you're after fast returns. Not a bad time to buy, IF you can afford to take the losses that might accrue.
If someone is prepared to put in the time there's never been a better opportunity (as they say)to trade with the swings that are taking place. Barclays bank being one of the better ones. I've traded it three times in the past month.It's gone from 74p to 132p..from March 19th not in one straight line,of course to 132 June 8th.It closed on Friday at 116.56. If you have a look at the time scale options just above the chart you'll see how it's moved. 1W is one week. 1M one month etc. I'm using these dates re4 Covid influence. Just before Covid it was approx 180p over the early weeks Jan/Feb.
https://www.lse.co.uk/ShareChart.asp?sharechart=BARC&share=Barclays
Lloyds the same
https://www.lse.co.uk/ShareChart.asp?sharechart=LLOY&share=Lloyds
Both are very well capitalised. I'm familiar with their movements and history so the other aspect is to know your share.
Example. Lloyds..32p and sell at 36p.It can get there because 38p also on June 8th (obviously a good day) was it's recent high. So a 4p increase would give 13% profit. If it took a month to get there it's equivalent to 144% per annum minus costs.
Barcs 114-122 8p rise = 7% but the thing with Barcs is that it is sometimes moving up by that in a day followed a 3p the following day. It's a 1.2 Beta stock. Ie. 20% more volatile than the norm.I wouldn't recommend day trading, though. There's a .5% stamp duty. There's the broker's commision but there are many good deals around. I pay £24 quarterly and £7.50 per deal on a frequent trader basis with The Share Centre.
With these two if, as an example, you pay 32p and they actually go down because ..and this is a real prospect..COVID cases/deaths in the US start rising in cities that have eased lockdown..and this is happening, then the Indices will drop and your Barcs and Lloyds will drop but no problem..they'll be back. Many must have lost a great deal of money if they sold or are sitting on large paper losses in Airlines..retail (bar the essentials..ie food and online) catering,manufacturing, marketing holiday/leisure and as mentioned in my second post, car rental.The winners..the stay-at home businesses like Netflix-Amazon-Zoom-Some pharmaceuticals will do well re treatment and vaccines, delivery companies are doing fine because people have been stuck at home.
