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Originally posted by jefwane
Damn right sell. It's only paper profit until you do and with the swings in banks lately IMHO you'd be a fool not to take at least your original stake plus 100% profit off the table.
Originally posted by 44soulslayer
Yeah exactly, this is just a basic revaluation mate.
Im sorry to see that you got excited over nothing, but you didn't really think you could get free money by a market revaluation split did you?
Its basically like the zimbabwean dollar... if you have 200 shares at 1 dollar, and its a 2:1 reverse split, you will now have 100 shares at 2 dollars.
Its all the same.
But do keep your shares in RBS, its a 300 year old bank that has never ever made a loss in 300 years (before this year lol). It will recover. It owns Coutts, which is the queen's bank!
Just for disclosure reasons, I have stock in RBS too.