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



The chart looks like one long suicide note.

Rising to fast for me, with little good news on the world financial meltdown I fear a big drop any day now. Short sellers in USA back soon

doh! you can't short financials now!!

The US Securities and Exchange Commission (SEC) has temporarily banned naked short-selling of US stocks and short-selling in general in US financial stocks.

Cynic when short selling resumes how long do you think before they put another USA bank in trouble, which in turn will effect banks here. Wake up and read the post.

it's actually wake up and smell the coffee! ..... just for your historical knowledge, income tax was also brought in as a temporary measure, from meory to pay for the Napoleonic Wars ...... strange that we still seem to be paying for those - lol!

Just for you short selling in the USA has started again

Bloomberg

Shorts Return

The end of a three-week ban on short selling financial stocks may reduce the market's record price swings as hedge funds increase trading.

After the Securities and Exchange Commission started the rule Sept. 19, volume on the New York Stock Exchange dropped 35 percent and the Chicago Board Options Exchange Volatility Index surged to 57.53, its third straight record. Options on the VIX, as the volatility gauge is known, imply it will fall 44 percent in the next two weeks after the rule expired last night

sure glad i bailed out yesterday

May regret your call come Monday!

Maybe Monday will be cancelled along with Tuesday and Wednesday.

God forbid they suspend stock exchanges.

We are entering luny-land, with many stocks priced far below their real+Cash values . . . the trouble is no-one believes anything Execs say, the closer to Banking they are the less we trust them.
I suspect a secondhand car is potentially better-value!
(at least it only loses half the value over three years!)

I bought some HBOS yesterday and already am 25% down (with spread) . . . yet in any normal trading day everyone would mug me for HBOS stock anywhere under 2 . . . . heading for under 1 as madmen sell small holdings, fearing worse is to come.

Personally, I thought GB's (Wednesday) plan was about as good as we could expect. What we need is a "Trigger" - and I suspect the US-election might just be "it" - when folk can look-again at what is reality after a few days of bally-hoo.

Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound lifeline, the Sunday Times reported.

there is a much more in the report on Reuters and it does not make comfortable reading

Buying opportunity on Monday

You don't think then that with the UK Gov taking preferential shares in these banks that the sp will actually go down as your holding is given second place to the Government?

Sell as soon as ye can the Lloyds deal is terminated... sp 49p tomorrow.

how come if gov funding will be at least what lloyds offered. lloyds were taking the pee at time and its obvious they dont have much capital either as they r struggling to do deal.
hbos are selling oz counterpart and with gov funding and more than 5 billion profit they will be fine

www.netcastdaily.com/broadcast/fsn2008-1011-2.mp3

listen to above link.......its scary.

ok, it talks about usa corruption......but uk has lot of corruption too esp in last decade with this globalisation.

guy says it will take MINIMUM OF 40 YEARS TO IMPROVE.
he says it will be WORSE THAN 1929 DEPRESSION.........AND THAT WORLD WAR 2 WAS REQUIRED TO IMPROVE THAT.

also naked short selling was bringing down the system similar to now like 1929......and that traders dont trus each other similar to inter-bank lending which is non-existent right now as there is NO money market.

WE NEED A MAJOR WAR RIGHT NOW!!!!

Good that HBOS can go it alone with share holders benifiting

Reuters now reporting that the deal with LLoyds is still on!

my guess is that the 0.6 conversion will now be formally placed on the table

Don't get too dramatic.

WW2 has already happened and the likelyhood of it happening again are nil.

WW3 may be a different matter.