london onference - rbs coverage, page-20

MR P posted on 26/3/09

"Due to the profit takers i feel it has to fill the gap and test 32 cents again before raging forward to 50cents and onwards....
50 cents is still my short term target, however in the very short term 32 cents is... I am unsure so that is why i partly sold my holdings in hope for the retest of 32 cents.. to gain more shares for the same amount of money.. hehe... greed "

For the record, closing prices
26/3 38
27/3 36 ( intraday low 33.5 )
30/3 39
31/3 38.5
1/4 39
2/4 38
3/4 38.5
6/4 42.5
7/4 42.5 (intraday high 44)
8/4 38.5

Just facts - no opinion on the t/a of anyone's predictions. Near term direction will be influenced on short term of the Dow, which will be led by the nose by earnings season although poor earnings expectations are expected and already factored in , and any positite company announcements.