Today they have fallen 22% to a new low of 223p ..are they another Marconi..?



The chart looks like one long suicide note.

UK may let one bank go but to lead 3/4 to destruction would bring the government and the whole of the financial structure down.

Dont worry they will be 100p soon if not 50p..imho.

I'd be closing them short s mitzy - HBOS make an announcement and they'll fly back up - I've took the gamble at 1.42, total portfolio now resting on these, 850 Million profit last interims, drop is well over done - be 2.00 not 1.00 sooner than you think. (hopefully) But you win some you lose some !!

Ticked up 14 points while writing that last post - think I might close position if it gets to 180/190 though !

spitfire they filled at 1.46 ..trying to get out at 1.81 which its just gone through but not proving easy

well done storeys hopefully the press release below will hold them up for you.

RNS Number : 5679D
HBOS PLC
16 September 2008

HBOS notes the current volatility in bank share prices following developments in the United States. HBOS has a strong capital base and continues to fund very satisfactorily.

Didn't see first post Mitzy - just seen second though - doesn't sound like there in trouble one little bit, back up over 2.00 by close IMHO.. Waiting to see how much Barclays had tied up with Lehman, can see Barclays doing exactly the same -drop like a stone, It will be well overdone when it happens and another big pay off if you can time it right :-)

185p now nord.

30% profit - but going to stick with it, think there s more in it yet - porfit- taking should kick in soon and drop it back to 1.75/1.80 ish then back up to 2.00 by close :-) stop limits in place though !! Nice day really !

Barclays make me laugh - they have secured a deal to buy parts of Lehman, I bet there the parts they already have millions in already !!

Dow just turned green - hopefully have a little rally back up to close now.

Reckon they'll stick at 2.00 Mitzy - question is do you hold over night or take the profits !! Got a good feeling on these though now, slightest bit of goods news (Statement on news will do for me ) and they could gain another 10/15 % tomorrow.

Careful. May well depend on FED interest rate decision at 18.15 GMT.

Cashed out my original investment, the 41% profit I've left in - very nice day. :-) Be kicking myself tomorrow I bet - but better safe than sorry !!

Free ride now then & still potential up-side. Seems like a sensible way to play the game!

Its better than being at Alton Towers this !!

Harrycat can see some bigwig tonite on telly telling everyone how safe a bet they are and see them jumping 10/15% tomorrow - then i'll be pissed off, but like you say better being sensible, if you said there you are have ****** free HBOS shares this morning I'd have been well happy. Beauty is there in an ISA so G.B doesn't get is greasy mitts on it either. Cant wait to see my bank manager it'll really piss him off !! (Thats if he's still got a job)

Looks like HBOS has been oversold. Plan to buy tomorrow

Best not to think of 'what could be', nordc. You have made a decision & you are well in profit. If every time I invested I made 41% I would be a very happy chappy! Just think, If you worked for a merchant bank you could be out of a job tomorrow.

Hi all ................ I couldn't manage to trade in these today.

Well done to all those that had the balls and means to trade proftably ......... you deserve every success.

Did anybody get any qoutes on the price ............ or did you trade electronically, by leaving price and hoping for the best.

Which platforms do you recommend?

Either way if you made a profit, congrats once again.

Looking forward to tomorrow.

Regards
Amar