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$LYG Lloyd’s Update, March 11

(LYG: 1.68 +1.20%) Lloyd’s

Three attempts to get above resistance.

lyg

And today it’s finally above that level. Hopefully will build support here and go on to fill the gap.

  • 13ema is turning up and should cross over 34ema soon.
  • Oscillators and volume look good.

lyg2

$BEE Target Hit, I’m Out

Twice I referred to my (BEE: 6.13 +0.33%) target being around $4:
BEE post #1 and BEE post #2

I got out today at $3.90 (yes, seriously, 52-week high to the penny). Modest 40% return since October. Super proud because I have NEVER held anything that long with that kind of positive return :)

bee1

No plans to re-buy it. Got nothing against BEE, just undecided at the moment.

Next stock that I really want to succeed is (LYG: 1.68 +1.20%).

Also, liking (PCC: 8.25 -0.36%), PMC Commercial Trust with 8%+ dividend, but unfortunately it has no options.

In addition to LYG, still watching SPX/SPY.

$BEE Inverse Head-and-Shoulders

(BEE: 6.13 +0.33%) Strategic Hotels & Resorts

I now have technical substantiation of my $4 target – inverse head-and-shoulders on the daily chart.
Volume pattern still shows accumulation.

I’m not getting attached to the stock, and really welcome any negative comments on this trade idea.

Click to enlarge

bee

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