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



The chart looks like one long suicide note.

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

used waterhouse which was next to useless for real time quotes. Although it took an hour to put on a two way trade via limits but having said that they filled 10 points better than my limits so very happy. I always thought the brokers pocketed the diference but not on this instance

I was trading through Barclays Stockbrokers and believe me my arse was going a few times - because at one point a stop loss didnt trigger and when i tried manually i couldnt get in - by the time i came back to Moneyam they had started to rise - same happened when i cashed out about 4.00pm but it went through second time around. See what today brings, yesterday was a one off for me - i put the entire portfolio into them for a couple of hours and was 'lucky' it could have gone the other way. Mind you at the levels i bought at i would have held. I wouldn't do it again like that - but it was a bit of a rush, its hard being cautious when it goes like that - and could easy take you for the lot. Pure Greed takes over your senses, wont happen again though - again I called it right - imagine all the shorters at 1.40 thinking they were on to something and lost a packet !! Better than horse-racing though !!

nordcaperen sounds like your new to this game if your putting the lot in on a falling knife. I did that when the credit crunch started and was out of pocket nearly 50k. Far more cautious these days but smaller trades over the last 12 months has helped me get half of that back. A long way to go but some very important lessons learnt

Hope you all sod ysterday.. this is getting nasty.

Bastard short sellers it should be banned on bank's

"Fitch Ratings downgraded HBOS Plc. and main operating unit Bank of Scotland Plc., citing heightened concerns over the outlook for core parts of HBOS's retail and corporate banking divisions as the U.K. economy and property markets weaken, combined with weaker operational flexibility due to continuing disruption/dysfunction in parts of wholesale funding markets on which HBOS relies quite heavily to finance its customer lending."

this is just hedge funds manipulating the opportunity.

Whilst short selling is a legitimate trading weapon, it can bring companies down so if they can't regulate themselves because of greed, then I'm all for restrictions.

Fitch ratings news was out before the market opened, and HBOS started the first 20 minutes over 200p, it could be a delayed reaction I guess. Whatever it is the situation is not looking good.

Someone should put them down.

"if they can't regulate themselves because of greed, then I'm all for restrictions".

That's why I wouldn't bother buying the banks for recovery. Once this mess is over, the regulators will no doubt enforce lots of restrictions on banking practices. As a result you won't see anything like the profits of the past. It'll also take years to repair balances sheets and confidence. Banks, thankfully, will become very boring, but not necessarily very profitable for share holders.

In my opinion.

Strawbs.

A chap from Blue Planet has been on Bloomberg being very supportive of HBOS and other UK banks. The purchase of bits of US Lehman by Barclays is a very positive sign.

Trading wise, banks and builders is where the money is atm. Historically though banks have been boring and I agree, once this is over they will return to that.

I don't believe banks here will go bust but I do think they might be nationalised to save them.

HBOS in advanced talks with LLOYDS watch the shorts get out now

Robert Peston -BBC- has said Lloyds and HBOS are in merger talks. This guy is the one who gave early warning about Northern Rock and wouldn't make such a statement on the BBC without due thought. He is one clever chap and has impeccable sources. He will be spot on. Brilliant.

If true that could create some "systemic risk" to any hedge funds short at the moment.... LOL.

Strawbs.

Strawbs

How sad!

I hope so, greedy gits