It's definitely possible, cynic, particularly using margin, but you have to watch the screen all day and be ruthless. I decided many years ago now that intraday wasn't what I wanted so trade in timescales from days to weeks/months. Some are actual shares and some are CFDs.

It suits me and my lifestyle far better. ;-))

I just shut my eyes chuck a dart and buy whatever , works for me :-)

It's now down around 35% from its high .... do you use a stop loss mr rsi ?

Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night.


Government sources said ministers were "determined" to see more competition in the market, following the 1.2 trillion bailout of the sector which resulted in the loss of three independent banks and several building societies.

The European Union will today approve the split of Northern Rock into two sections, a "good", profitable, bank with no bad debt, and a "bad" bank. Ministers will begin exploring sale options at the start of next year when the split happens and a deal could be finalised before the general election. The remaining "bad" bank will remain in state hands for the time being although sales of "tranches" of the more risky mortgages it holds will be explored in the longer term.

The Lloyds and RBS sell-offs will follow over the next three to five years and will be supervised by UK Financial Investments, the government body set up to oversee taxpayers' investment in the banks.

The Government is understood to have made clear that existing larger operators will be banned from participating in the sales.

Ministers want to drive competition in a sector they believe is too concentrated in the hands of the "Big Four" of Barclays, HSBC, Lloyds and RBS. Virgin Money is known to be watching the situation closely and is in talks to add former Northern Rock chairman Bryan Sanderson to its board ahead of a possible bid for Northern Rock.

Tesco is another company that could be enticed into an auction as it seeks to grow its financial services business.

Spain's Banco Santander, which owns Abbey, Alliance & Leicester and part of Bradford & Bingley, may be allowed to get involved because it is significantly smaller than the big banking groups in Britain. But it could still be frustrated by the Government's determination to attract new entrants.

"We are keen to see greater competition in the banking sector as soon as possible," said a government source.

A deal to buy "good" Northern Rock would bring a new entrant around 20bn of deposits together with a portfolio of low-risk mortgages and a platform to expand operations that remain concentrated in the North-east nationwide.

Lloyds is expected to face a forced reduction in its share of the retail banking market from 30 per cent to 25 per cent, with the disposal of more than a seventh of its 3,000 branches expected.

It has been desperately seeking support in the City for a share issue of up to 15bn to keep it out of the Government's asset protection scheme that will cover it against losses from up to 260bn of risky loans.

But even if Lloyds can achieve this, it will be forced to sell parts of itself as a consequence of the Government's injection of nearly 15bn to recapitalise the bank at the height of the financial crisis. That will be seen as a blow to Eric Daniels, chief executive, who indicated at the bank's recent results that he did not expect to make significant disposals. A spokesman said: "We continue to work with European regulators."

Royal Bank of Scotland, meanwhile, is working on plans to sell off a "couple of hundred" branches, including RBS branded outlets in the UK and NatWest's Scottish branches. It is certain to join the government scheme although how much will be protected is not yet certain.

Final details on the Lloyds and RBS disposals are set to be announced alongside details of the asset protection scheme.

But an indication of the EU's "get tough" approach came on Monday when ING, which owns the ING Direct savings bank in Britain, said it would split itself in two to satisfy watchdogs unhappy at its bailout by the Dutch government.

Britain's banking sector was further consolidated on Monday with the announcement by Barclays of a deal to buy Standard Life Bank.

Government sources said that while the new banks would be relatively small compared with the big four, they hoped they would prove fast moving and innovative.

The effect Standard Life Bank had on the market when it was launched has been noted, although its activities were constrained by the credit crunch.

The Government currently has a stake of 70.34 per cent in Royal Bank of Scotland and 43.44 per cent in Lloyds. That gives ministers the whip hand over both banks. They are expected to take up the taxpayers' "rights" when Lloyds launches its share issue to maintain the size of its investment.

Obviously doesn't wanna talk about it .... funny that.

From my weekly page "UPS"...........


Master RSI - 26 Oct'09 - 14:25 - 71 of 148 edit
Just in case you have not noticed, the Market is on a funny mood / shape, for the last couple days and the MMs are playing with it at the same time


The market has continued with the same mood since
For the last few years OCTOBER has been a month of disaster consequences for the stock market, the more famous one was 1987.
This Year was OK till now, but it seems it was left for the last week of the month, when normally it was around the 3er week.

Ah I see ... it's the MM's fault LLOY's are falling.

Yeah right !

Looking at things objectively ,this week ought to have been foreseen as a bad one
80 years after the 29 crash

RSI,

Can you explain to me why the Support line of 87p is now a resistance Line.

Are your interpretations of the indicators based on a lot hope and self deception particularly about your own ability to foresee the future?

Ain't it quiet!

See next support line at 72p.

A long way from 94p.

Ah well another Messiah hits the deck.

Some posters are DEAF , BLIND and DUMB

The FTSE is down 120 points

And the point in you getting the family album out mr rsi is ...... ???

someone said he is from palestine i think

as any palestinian will tell you, the whole conflict in m/e revolves around their quest for a homeland ...... as it stands, i am afraid palestine does not exist as a sovereign state.

as for LLOY, i really cannot see any logic for buying for it is a total mess and the end result could be anything

From the TELEGRAPH ..........

Lloyds to quiz investors over 25bn cash call
Lloyds Banking Group will begin sounding out investors about launching a 25bn capital raising to withdraw from the state insurance scheme for its toxic debts.

The Government and other Lloyds shareholders are due to see the bank amid fears that its crumbling share price has thrown the planned 11bn rights issue into jeopardy. Lloyds shares have crashed 16.6pc this week, closing down 3.84 at 80p on THirsday, as a result of the draconian state aid remedies demanded by Brussels of ING.

Lloyds is expected to question shareholders about their appetite and commitment to a rights issue in the face of a falling share price. The issue will be underwritten by a syndicate of investment banks, which are on course to share about 200m in fees, but the Government cannot allow the fund raising to fail for fear of the message that it would send about financial stability. ..............

Lloyds to quiz investors over 25bn cash call

Lloyds to get test capital plan ok
Thu Oct 29, 2009 6:55am GMT

LONDON (Reuters) - Chancellor Alistair Darling will allow part-nationalised bank Lloyds to test its capital-raising plans in the market and formally appoint underwriters, the Financial Times said on Thursday.

The bank was not immediately available for comment on the report, which cited an unnamed official close to the talks.

A government source told Reuters: "Discussions with Lloyds are ongoing and no decision has been made."

Lloyds, 43 percent owned by Britain, is considering an exit from a costly government-backed asset-protection scheme to insure 260 billion pounds of the bank's assets against losses from bad debts.

To replace the scheme, Lloyds would need to boost its capital by about 25 billion pounds to win the approval of Britain's financial regulator, industry sources have said.

That would likely include a rights issue of 10-15 billion pounds, sources and analysts have said.

The Financial Times said Darling would tell Lloyds within days that it can formally appoint underwriters and test the market, but would reserve the right to withdraw approval for the plan if he concludes the move is too risky.

Lloyds has lined up six investment banks to run a rights issue if it gets the go ahead, people familiar with the matter have told Reuters.

A key issue would be whether the government would support a massive cashcall, which would require it to spend about 6 billion pounds to prevent dilution of its stake.

Shares in Lloyds fell on Wednesday, hit by fears that this week's break-up of Dutch bancassurer ING was an example for Britain's biggest retail bank, which is facing mounting pressure in its campaign to escape further government control.

The bank is facing a crunch week over its plans to plug a 20-billion-pound hole in its capital before Christmas, with a key decision resting with UK regulators, sources familiar with the situation have told Reuters.

how the intraday chart for the banks is going on today

A spike at the moment from 84p to 86.33p +6.30p

5 days chart

15 minutes delay

......................NEWS ...................

LLOYDS BANKING GROUP
Lloyds Banking Group (Lloyds) notes recent media speculation regarding its
proposed potential participation in the Government Asset Protection Scheme
(GAPS). Lloyds is in advanced discussions with HM Treasury, UK Financial
Investments and the Financial Services Authority regarding alternatives to
participation in GAPS.

Lloyds believes that any alternative proposals to GAPS would be likely to
include a substantial capital raising of core tier 1 and contingent core tier 1
capital to increase the Group's capital ratios to an appropriate level of
strength and flexibility, and would provide a strong capital base for the future
stability and success of the Group. The alternative proposals would also meet
the FSA's requirements for stressed economic conditions.

Capital raising options currently under consideration include a combination of
raising immediately available core tier 1 capital by way of a rights issue and
generating contingent core tier 1 and/or core tier 1 capital through the
exchange of certain existing Group capital securities. The capital raisings
contemplated are expected to be fully underwritten and will be subject to
shareholder approval.

Should Lloyds not enter into GAPS it expects it will be required to pay HM
Treasury a fee in recognition of the value of the implicit guarantee Lloyds has
benefited from since the announcement of its intended participation in GAPS in
March 2009. There can be no certainty at this stage that any alternative to GAPS
will proceed. All options remain open.

Lloyds also notes recent media speculation regarding its discussions with the
European Commission regarding the terms of the restructuring plan to address the
state aid which has been received by the Group. Lloyds confirms that it is in
advanced discussions with the European Commission and further details will be
announced in due course. Based on the discussions to date it is confident that
the final terms of its restructuring plan, including any required divestments of
assets, will not have a material impact on the Group. The Group remains
confident that it will meet its commitment to deliver more than GBP1.5 billion
run-rate synergies and other operating efficiencies by the end of 2011,
notwithstanding the impact of the expected state aid remedies.

The Group continues to trade satisfactorily. It has delivered a robust trading
performance over the last few months and continues to deliver in line with
recent guidance.