Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. Company operates in over 60 countries and employs over 78,000 people.

            Red = 25 day moving average.           Green = 200 day moving average.

shaken but not stirred...........

er justyi, i'm new here but uk has lot of muslims already and i agree in about 20 or so years it will be a muslim country

Marked down sharply this am.

The high cost of Barc SP plummet just to save the executive pay structurecould be one mistake too many.the very worst of our Banks!

It's very scary looking at Gordon Brown shaking hands with Al-Qaeda suspects last night on BBC news. Does this mean Barclays will not freeze any assets if deem suspicious now???

Its all looking rather strange....

Lloyds TSB state that their profits will be down significantly, they state they are going to pay dividends again next year by paying back the preference shares to HMG...cash call ?.

HBOS announce a doubling of their bad debt write offs...

Barc have clarified that the refinancing is less expensive than from HMG due to the coupon being tax deductable.

Barc down again significantly compared to Lloyds.

Morning All

I am seeing Australia and Japan markets opening up 5% ish nicely.
As for BARC. I haven't traded on the markets for 2 years. I pulled
everything I had and put into premium bonds but in the past 2 weeks
I have started to trade again and this is my first stock to trade.
This stock imho is well under valued. Under 2.00 a share for such
a global business is just ridiculus. It seems that a mild state of
panic has hit the market.
Having a 2 year break has shown me that you can become far to close to
this game than you think. I have been watching and listening but only
through the media, nothing to deep and technical but just what the
average joe on the street might think.
On this basis and this basis alone I have started to trade this stock.
My main reason to trade this stock is because it has made the effort to
stay independent. For this is unbelievable, one of the only main stream
banks in the uk that has told the uk government where to go.
I don't mind if it's the Japs, Aussies or Arabs who have the share in this
bank I am just glad that the man at the top has said hold on a minute I am not prepared for the government to bail my company out with easy and fast cash
without to much equity but and here is the crunch the uk government has the clout!
This is being shown at the moment with the BOE cutting the interest rates by 1.5% the big guns in the government saying they are pleased that the majority
of banks are passing the cut on in full.
Yes, amazing that, now that the uk government and us own some of the bank.
I would be very happy for barc to say no rate cuts just because they can and try to encourage the saver.
Anyway enough of my rant in at 1.60 out at 1.96 now back in at 1.85 waiting for 2.10 to get out. I think the 2.00 may be a bit of a barrier but what do I know!
Good luck all
VNI

Good post Ted1 I think you have a good strategy with barc, I'm trying to do the same with RBS to try and get my average sp down (197p) and then out. But will look at barc as a trading stock.

As you can see from the chart a sp of 50p is very possible..mind you I said 70p a month ago.

banks are surely an even worse buy than most stocks at the moment

Yes I agree cynic 2008 will be the worst year in banking history and not many will survive into next year.

It may well be a bad year for the banks but if your not in BARC you may want to get in now. I mean 1.33 for Barclays. For goodness sake this has to be the bargain of the decade. You say 50p but it could quite easily go to 2.00 as well. Don't forget in such volatile markets the shares that go down quickly can also go up quickly! I'm in and trading this bugger for the next 12 months at least.

Good point Ted lets just say if it goes 50p I'm in.

if barclays reaches 50p....we will all be braking our piggy banks and buying....interesting to see how much influence the dividend decreasing has in the near future.....and of course the bargain is growing at the present price....even short term

watcher

anyone think BARC a worthy investment* now or is there worse to come?

edited: *punt would suggest a gamble and not what i intended to mean.

wait.

and pray ...

According to the press it will be the numero uno bank to short Friday.

apologies as slightly off thread... but does it say anything about shorting HSBA in this article?

Struggling today.

25% drop a shorters dream 60p coming soon.