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Barclays Target Price Dunno but the share is a sell

Tom Winnifrith
Saturday 7 July 2012

I have not got every stock market call right over the past two years. I am as aware as anyone of some of my AIM buy tips that have not done well in this horrid market. But on my big macro shouts, calling the banks as a sell with Barclays (BARC) as my conviction sell was spot on. So what now? I am tempted to grab some cheap google brownies by setting a penny share target price for the stock. That would be silly. That Barclays is a sell for any prudent value investor still holding on is beyond doubt but the problem is that there is such enormous lack of visibility that we just do now know what the share price should be.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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