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



The chart looks like one long suicide note.

Mitzy - I've just read through your posts, everyone is doom and gloom on every share you ever mention - are you a total pessimist or just tryin to get everyone to follow your shorts - Little advice , dont try shorting financials - your nt allowed (Shame Really = You could make abundle on Barc.this week) :-)

Oh Forgot - Kcom, 15% rise on this week - hate them myself but got to back a cert when its there !! More fun with financials for a few days but trust me on this one !

       TODAY'S SUNDAY PAPERS -- HBOS RESUME

THE TIMES
The chairman of Lloyds TSB has set out his ambitions to turn the combined group into a top 10 international bank within five years

THE OBSERVER
Unions are demanding urgent meetings with the CEOs of Lloyds TSB and HBOS, as fears grow over the future of the newly merged bank's 140,000 workers

THE MAIL
Midas Column: Hold on to HBOS - Lloyds TSB: HBOS is a bargain, in theory at least

Other comment: City watchdogs are expected to investigate how speculators made 190m profit from HBOS shares two minutes before BBC 'scoop'

Mike Ashley believed to have lost over 200m betting HBOS shares would recover

Andy Hornby, CEO of HBOS, is expected to accept a 'senior boardroom role' once his bank is taken over by Lloyds TSB

THE INDEPENDENT
Lloyds TSB has approached property consultants to close up to 700 high-street branches when the retail bank completes the 12.2bn purchase of rival HBOS later this year

HBOS has 6.6bn of "Alt-A" securities, a US mortgage bond that the market fears could be more toxic than sub-prime debt

HBOS will publish figures next month showing that the decline in house prices from last year's peak now exceeds the fall during the 1990s

There is to much slagging in this thread now please end now,We are all after the same result at the end to make money and help each other ok

u r wrong tcd as mitzy wants the banks to go bust........not sure how he is going to collect his money in life mind u

i'd rather have a go at hornby.........he;s the guy thats making millions whilst lots of people r suffering in uk cos of him in all sorts of ways

hornby should be put in jail

Nord me a pessimist .. never...I have a good track record .

I had a 100 bagger with MMG and Asos and my latest 100 bagger to be is Rift oil wher I know one of the Directors..


Its called how to turn 1 into 1mill.

Also like HSP and Spice.

very briefly .... after last week's excitment (thank you Lord!), i still cannot see that financials are the right place to put new money .... in fact, there is probably a better argument for shorting the indices

That is the position of the Indicators at the moment

And here is the support and resistance aswell as the Bollinger Bands

LETS SEE IF THIER IS A LATE RALLY IN HBOS.

why should there be?
Wall Street weak and HBOS downgraded too

i thought hbos short term target was 292p.

where did you get that from?
it's now inextricably linked to LLOY price ..... at 275 LLOY, HBOS is ultimately worth 232

You might as well forget about HBOS and just buy LLOY !, (that's if you want to buy into a bank).

I am finished with banks for now. I think there will be more problems and downward movement. USA bailout is complicated and it would seem not thought out 100%

Where Brown is getting the money from to help our housing market is anybody's guess. Perhaps he could ask Tony for a loan he is millions in pocket since leaving office.

Will they follow Wall St and go down today or remain stable to further bank sell-offs.

i don't feel that UK and its banks are in such a parlous state as those in USA ..... certainly Dow looked as though it had substantially over-reacted on Friday, and I put money with mouth! .... in fact, since US close last night, I have gone modestly long Dow, for again I think the sell-off was badly overdone.

Though the new legislation and proposals in US will not provide instant cure, I would guess that they will be of considerable help, though there must be a cost to the US taxpayer somewhere down the line

Wouldn't mind a punt on BB. but cant get in to buy - half of what the rights issue was a few weeks ago - got to be a take-over target at this level, still a crazy marketplace, can see it going on for weeks this. Hope the yanks sort themselves out sooner rather than later.

It is a good job the short sellers are stopped on banks otherwise I think BB would be down to 10p. I would not touch this with a barge pole.