Top faller in the Banking sector today with a 25% fall are they about to go bust as the housing market stalls .. are they another Northern Rock failure about to blow.

if u shorted it then serves u right

48 always brings bad news

why cant these move away from 48p

sorry new to the site, just wondering if BB are a good buy when they are trading as low as 55p, and advice would be great. thanks

55 sounds a bit high, as they've touched lower - only picked up by cocerted effort over Bank Rights, such as HBOS - and look where that is!

What's yr view?

pcyam
Also looking to buy but it must be a punt IMO could recover to 200p in a couple of years.

If there is one thing certain, B&B will get taken over.

the problem is at what price. Wouldn't have thought it would be below the rights price but you never know!

For some reason the shares have stopped trading over the last week and appear stuck at 52p

atleast its not 48p

got one of those spread bet accounts- after reading all the advice from smart posters on this website I bought 2000 worth of HBOS today... wanted to keep it small to start with... off to the beaches with mcbarker tomorrow for some weeks to sap up the sun and find women....

Down 17% today and I never even noticed.

Love the smell of burning.

is this price rise the result of shorters buying out or has something fundamentally changed?
all the banks seem to have risen this morning surley the Dow coouldn't have had that much effect!!!
Alex

Up 80%.

..Again for how long?

Was 47p but now falling back.

robertalexander- see my Lloy post which I think probably explains it.

its a confidence trick, sucking new money in before an almighty crash. For all intent and purposes Shorting stocks had already stopped as the large pension funds would not loan their shares as finally realising the fee's they were making were nothing on the loss of equity from the turmoil. Despite this HBOS still traded nearly .5 billion shares. People will wake up and when they do it is going to hurt. Most people are stuggling to trade at these prices anyway because of the trading platforms so it is nothing but a paper illusion. IMO

Absolutely, but they have to find a way to protect the banking system and shift the burden onto the gereral public or taxpayer. Taxes cannot rise in this environment so currencies will take the brunt and some of the debt will effectively be inflated away over time. It will effect everybody.

This week will pass into history the banks that survive BB. for one IMO will slowly get back to normality and the sp back to 100p-200p + long term. accumulate while you can.