ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

I'm getting a feelling that the banks MAY have reached the bottom.

In a bear market, you expect the sp to go below the rights price initially for what I think is 3 reasons

1) Just in case the rights issue isn't pulled off and the sp is ready to sink further.
2) The market seems to delight in putting pressure on PI not to buy into the rights
3) A concern that with the banks, they may end up being fully Nationalised.

My gut feeling was not good over the 200p rights issue (which I subscibed to but fortunately sold). My feeling here is different and it may be a good time to take it up.

Another noticable sign is that the daily trading volumes are down in the last few days with RBS today in particular.

I may be wrong but it tells me that people are beginning to stop trading the shares which IMO probably maens the bottom has been reached.

Of course by next week, all this can probably be thrown right back at me!

ps If the Gov nationalises then you lose the lot.

what a conundrum! when imo the gov reverses divi decision this week rbs will increase - i am in

fyi - http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aojBWDPuMsoM

What a disaster this one is I understand when Fred left now.

pericles is quite right - that the toxic holding may make this Bank somewhat worse as far as we punters are concerned. I bought recently believing it "couldn't get worse" - and know better!
However, the point I wish to make is that "Banks" are under the spotlight so all their grubby corners are being shown-up by a Puiblic Broom. I just wonder how much "toxic" these same Banks held before and just kept quiet about it?
-If you were a Branch/Area manager, it's in your interest to keep quiet, at least until you retiire.
Therefore, I suspect UK-Banks are now "cleaner that at any time in the last 50-years"

Oh and that Director that left - good riddence. Any fool could pay "top-dollar" for a foreign bank - but to do this after a significant bull-run is plain stupid. There were many voices that said "Don't" - but RBS would hear none of it - they wanted to go out with a Bang! - and that's exactly what happened, although they expected a minor "correction" - but had they listened to the sour words from America, they would have understood there was something nasty happening "over-there" - - - just what was it that made them think this "toxicity" would not be felt over here?
( HBOS also lost some poor-stock - thank goodness if these bods never work again.)
IMHO - DYOR.
The Dividend-issue is really tricky - for Pension Funds need cash ( so they say), and therefore will only invest in Stocks that pay reliably - such as Banks! If the Gov prevents this for 5-years then the stock will hold onto double figures . . . . i.e. well below "worth" for an Institution that is handling our money day-by-day.
Yet as a taxpayer, who wants their money back? Obviously the Gov. wants their money back to reduce their risk . . . . (to zero, but will they?). . . .

At 68p the future is looking very bleak.

if government takes over most shares, expect bank workers to treat public like sh?t. banks are paying 12% to gov every year for 5 years so wont be making much.
lot of job losses with poor morale and unhappy staff.

unions might bring bank workers on strike.......problem is that very low number of people in banks are bankers......lot of young girls in my view at counter who ant a clue about banking or business world......need the old days brought back ala captain manwarring where people saw bank mANAGER

Dow off 600 points tinite expect a further 10% off UK tomorrow.

this country is so depressing these days.......if it doesnt improve quickly i might joining many other brits and go somewhere else

another 18 months also for election whereas usa has one in 2 weeks time.

tell us some good news mitzy.....all i ever see or hear is not just bad news but terrible news.
ex cbi man today said uk economy is in for a TERRIBLE TIME.......and another analysy predicted at least 24 months of it

its only 514 down......and ftse was almost 200 down so if u double for usa thats about 400........maybe a drop of about 50 tomorrow unless usa is down again

u cant knock 400 off the market every day......most shares are on their knees already

Further falls are inevitable until the US elections are over in 2 weeks time by which time the Dow could be 8000 or less its all getting depressing.

The more they fall the better the oppertunity you have of making some serious dough. in the future.

hopefully that will be when conservatives will be in charge.........thats only thing that will improve this country

Some confidence should be installed in the USA when B.OB gets in and Bush departs to get his bungs from the Saudie's

gordon brown is an idiot!

oi......i know idiots that would be offended by that comparison, lol.

he's actually sinister......scottish stalin but without creating anything apart from a financial disaster

Mandy Mandleson for Prime Minister

oh f??k.........i aint bending over for anyone

let stalin brown kill me instead

50p today I am guessing.

i am not looking at this one again till news out ref divis, int rate etc - i should have sold at 84p recently after buying in the 60p range - got too greedy & want the RI!! if price stays here 65.5p RI not worth it esp if now divis!