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Lloyds Banking Group plc Message Board

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  • qniform qniform Jul 25, 2008 12:25 AM Flag

    ? about using home equity to invest

    Hold on - these things take time. I've been buying since about $28, and I expect the stock to test the recent low again. If it does I'll grab some more.

    Please everyone, don't jump all over that comment, I'm strongly long on LYG. I just know that the current mess takes a while to work out. If we were halfway through this credit mess/economic slowdown that would be good progress IMO. Cash is a good thing to have right now. Just don't get emotional and sell when the stock is hit.

    I think we could be bouncing around the recent price range for quite a while. A year wouldn't surprise me..

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