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.

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.

as BARC has refused govt (our!) money, why should it be forced to sell any assets to "Toxic Bank"?

I wouldn't be comfortable holding short over weekend, Monday's opening will see huge volatility.

Taxpayers to take stake in Barclays... headline.

Barclays has been marked up nearly 40% this morn,with no tradind yet.

Up 20% so far

Where's it gone?

In auction - sub 1?